15-1634

15-1634. Intergovernmental agreements; special
assessments

A. Pursuant to section 48-582 or 48-920 or in conjunction with any street
improvement made pursuant to any other statute, the board on behalf of this state or any
university may enter into and shall be bound by intergovernmental agreements with one or
more cities, counties or improvement districts for the purpose of improving streets
adjacent to or running through university property by the construction of any or all of
the improvements authorized in either title 48, chapter 4, articles 1 and 2 or title 48,
chapter 6, article 1.

B. The agreement may provide that assessments may be levied against university
property to secure repayment of the cost of the improvements. So long as this state or
the board owns the land so assessed the assessment liens may not be enforced by sale or
foreclosure. The agreement may also provide that the university's share of any
incidental cost may be paid by the board from any available fund of that university. The
board shall pay or cause to be paid the installments of principal and interest coming due
on the assessments and may pledge for the payment thereof any monies of the respective
university which do not cause the agreement or assessment to become a debt of this state
under, or contrary to, any constitutional provision and which do not violate any contract
rights of any other person to be paid from the same source. The agreement shall provide
that the payments due under the agreement include any penalties and additional interest
that the owner of property subject to assessment would be required to pay on the
delinquency of an installment of principal or interest.

C. In the agreement the board may waive any formal requirement, notice or
prerequisite to levying an assessment.

D. If the board leases, long-term leases or sells any parcel subject to an
assessment, the board shall require that the lessee's or purchaser's initial payment be
in an amount at least sufficient to reimburse the board for the parcel's allocative share
of the monies previously expended to pay the assessment. The board shall return such
amount to be reimbursed to the source of the monies under subsection B of this section.

E. Upon the sale of any parcel subject to an assessment, the lien of the assessment
may be enforced by foreclosure and sale in the manner set forth in the respective statute
authorizing the levying of the assessment.