When circumstances are such that it would be beneficial to the Department and State to enter into a real estate transaction with private developers for the purchase of school facilities, the Department may pursue such actions.
REAL ESTATE TRANSACTION
The Department shall follow all State laws and Executive procedures in the approval of such transactions. The transactions shall be approved by the Superintendent in consultation with other appropriate agencies in the best interest of the Department and State.
Approved: 10/3/91; Revised: 12/07