2007 Minnesota Statutes

197.133 DISPOSAL OF PROPERTY AND EXPIRATION OF BOARD OF GOVERNORS.
If a majority of the board determines that the disposal of the camp or a portion of the camp is
in the best interests of Minnesota veterans, or if the camp is not used solely as a camp for and by
disabled and other veterans and their families and operated and maintained in compliance with all
state, federal, and local laws, the board may dispose of the property at market value as provided in
this section. Before disposing of the property, the board shall give notice by certified mail to the
commissioner of veterans affairs of its decision to dispose of the property. The commissioner
shall publish the notice in the State Register. Interested governmental agencies have until the end
of the next legislative session after the notice to appropriate money to purchase the property.
Proceeds realized from the disposal of the property and any assets on hand at the time of
the disposal of the property, must be placed in an irrevocable trust to be used for the initiation
or maintenance of veterans programs in the state of Minnesota. Trustees must be appointed in
the same manner as provided for under section 197.131. The trustees shall consult with the
commissioner of veterans affairs to determine the needs of Minnesota veterans and provide
the commissioner with an annual written report on the trust. The commissioner must approve
all expenditures from the trust. A certified audit of all assets, expenditures, and property must
be conducted prior to any disposition of any assets under the control of the board. Any board
member who would benefit directly or indirectly financially from the sale of this property must
be removed by the board and a successor appointed as provided by section 197.131. Upon final
disposition of all assets to the trust, the board must disband. Should the assets of the trust be
exhausted, the trust must be terminated.
History: 1985 c 152 s 3; 1997 c 7 art 2 s 26