 
                    CHAPTER 55--EDUCATION OF THE DEAF
 
SUBCHAPTER I--GALLAUDET UNIVERSITY; NATIONAL TECHNICAL INSTITUTE FOR THE 
                                  DEAF
 
                      Part A--Gallaudet University
 
Sec. 4302. Property rights


(a) Property rights described

    Gallaudet University is vested with all the property and the rights 
of property, and shall have and be entitled to use all authority, 
privileges, and possessions and all legal rights which it has, or which 
it had or exercised under any former name, including the right to sue 
and be sued and to own, acquire, sell, mortgage, or otherwise dispose of 
property it may own now or hereafter acquire. Gallaudet University shall 
also be subject to all liabilities and obligations now outstanding 
against the corporation under any former name.

(b) Disposal of real property

    (1) With the approval of the Secretary, the Board of Trustees of 
Gallaudet University may convey fee simple title by deed, convey by 
quitclaim deed, mortgage, or otherwise dispose of any or all real 
property title to which is vested in Gallaudet University, Gallaudet 
College, the Columbia Institution for the Deaf, or any predecessor 
corporation.
    (2) The proceeds of any such disposition shall be considered a part 
of the capital structure of the corporation, and may be used solely for 
the acquisition of real estate for the use of the corporation, for the 
construction, equipment, or improvement of buildings for such use, or 
for investment purposes, but, if invested, only the income from the 
investment may be used for current expenses of the corporation.

(Pub. L. 99-371, title I, Sec. 102, Aug. 4, 1986, 100 Stat. 781; Pub. L. 
103-73, title II, Sec. 203(b), Aug. 11, 1993, 107 Stat. 733.)


                            Prior Provisions

    Provisions similar to this section were contained in section 691b of 
this title, prior to repeal by Pub. L. 99-371.


                               Amendments

    1993--Subsec. (b)(1). Pub. L. 103-73, Sec. 203(b)(1), substituted 
``Secretary'' for ``Secretary of Education''.
    Subsec. (b)(2). Pub. L. 103-73, Sec. 203(b)(2), substituted ``but, 
if invested,'' for ``but if invested''.


                        Real Property Provisions

    The following acts contained provisions relating to acquisition, 
exchange, and adjustment of boundaries of properties of Gallaudet 
University and its predecessors, Gallaudet College and Columbia 
Institution for the Deaf:
    July 1, 1916, ch. 209, 39 Stat. 310.
    Aug. 3, 1939, ch. 414, 53 Stat. 1179.
    Sept. 13, 1960, Pub. L. 86-776, Secs. 1, 2, 74 Stat. 916, 917.
    Nov. 20, 1981, Pub. L. 97-80, title II, Sec. 202(a)(1), 95 Stat. 
1082.

                  Section Referred to in Other Sections

    This section is referred to in section 4353 of this title.
