Kansas Statutes Chapter 76. State Institutions and Agencies; Historical Property § 76-6a31. Acquisition of Fairmount Towers authorized

(a) As used in this act, “Fairmount Towers” shall mean the property consisting of:

(b) The state board of regents is hereby authorized to acquire fee simple title to the Fairmount Towers on or before August 1, 1976, to be utilized as a student dormitory for Wichita state university, for a purchase price of not to exceed two million four hundred thousand dollars ($2,400,000). Not more than one million two hundred thousand dollars ($1,200,000) of said amount may be paid in cash and not more than one million two hundred thousand dollars ($1,200,000) thereof may be paid from the proceeds of the sale of revenue bonds issued by the state board of regents pursuant to K.S.A. 76-6a13 et seq. The amount of revenue bonds issued and sold by the state board of regents for such purpose shall not exceed one million four hundred thousand dollars ($1,400,000). The final purchase price shall not exceed said two million four hundred thousand dollars ($2,400,000).