Sec 26-231. Acquisition of property by national guard; surplus property of municipalities; acquisition by eminent domain; purchase; rent or lease; armory property fund

A. A county, city or town may sell, lease or otherwise grant to the state for national guard purposes surplus real or personal property owned by it. The determination of the governing body of the county, city or town that the property is surplus is final, and the property may be sold to the state for a consideration agreed on between the governing body and the adjutant general or the adjutant general's designee, or for a nominal consideration. The sale shall be conducted without formalities, advertisement for bids or consideration of bids by other persons.

B. The governor may exercise the power of eminent domain to obtain from individuals, corporations or municipalities lands appropriate for national guard purposes.

C. The national guard may purchase real property, buildings and appurtenances from any person, corporation or municipal corporation with monies appropriated for that purpose.

D. The national guard may lease or rent real property, buildings and appurtenances with monies appropriated for that purpose.

E. The national guard may sell surplus armory real property and deposit the proceeds in a state armory property fund established for that purpose. Monies in the fund are continuously appropriated to the national guard for the construction and capital improvement of national guard armories, subject to the approval of the joint committee on capital review. On notice from the adjutant general, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.