§ 8712
55 words·~1 min read·
/ca/public-resources-code/8712A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The trustee may acquire real property or any interest in real property with the objective of facilitating management of school lands for the purpose of generating revenue. The trustee may delegate authority to the trustee’s executive officer to make a nonrefundable downpayment for a potential acquisition of real property or any interest in real property.