1. (a) The state board of regents is hereby authorized and empowered, for and on behalf of Fort Hays state university to sell and convey all of the rights, title and interest in the following tract of real estate, and any improvements thereon, to the city of Hays, Kansas:

   A tract in the Northwest Quarter of Section 5, Township 14 South, Range 18 West of the 6th P.M., Ellis County, Kansas, more particularly described as follows, to wit: Commencing at the Southeast corner of the Northwest Quarter of Section 5, Township 14 South, Range 18 West; Thence N 00° 00′00″ E along the East line of the Northwest Quarter of said Section 5 a distance of 167.67 feet to the Point of Beginning; Thence N 40°31′ 51″ W along the East line of a tract described in Book 180 of Deeds, Page 714 a distance of 230.00 feet; Thence N 49° 28′09″ E a distance of 94.00 feet; Thence S 40° 31′51″ E a distance of 120.06 feet to a point on the East line of the Northwest Quarter of said Section 5; Thence S 00° 00′00″ W a distance of 144.65 feet along the East line of the Northwest Quarter of said Section 5 to the Point of Beginning; said tract contains 16,452.83 SF, more or less, and is subject to any easements and/or right-of-way of record; Bearings are based on the East line of the Northwest Quarter of said Section 5 being S 00° 00′ 00″ W.

2. (b) Conveyance of such rights, title and interest in such real estate, and any improvements thereon, shall be executed in the name of the state board of regents by its chairperson and executive officer. The deed for such conveyance may be by warranty deed or by quitclaim deed as determined to be in the best interests of the state by the state board of regents in consultation with the attorney general. Any proceeds from the sale of such real estate, and any improvements thereon, shall be deposited in the state treasury and credited to the appropriate account or accounts of the restricted fees fund of Fort Hays state university for the use and benefit of Fort Hays state university.
3. (c) No sale and conveyance of real estate and improvements thereon as authorized by this section shall be made by the state board of regents until the deeds and conveyances have been reviewed and approved by the attorney general and if a warranty deed is to be the instrument of conveyance, a title review has been performed or title insurance has been obtained and the title opinion or the certificate of title insurance, as the case may be, has been approved by the attorney general.

L. 2005, ch. 63, § 1; April 14.