This bill authorizes the state board of regents to sell a specific parcel of real property located in Manhattan, Riley County, Kansas, on behalf of Kansas State University. The property in question is identified as Lot 3 of the Fraternity Knoll Addition, encompassing 1.3 acres at 1930 College Heights Road. The sale will be executed by the chairperson and executive officer of the state board of regents, with all proceeds directed to the housing system repair, equipment, and improvement fund of Kansas State University.

Additionally, the bill stipulates that any conveyance of the property must be reviewed and approved by the attorney general. If the state board of regents finds that the legal description of the property is incorrect, they are permitted to convey it using the correct description, contingent upon attorney general approval. Notably, the conveyance is exempt from certain provisions outlined in K.S.A. 75-3043a and 75-6609. The act will take effect upon its publication in the statute book.