Policy: Sale or Exchange of University Land

Date of Approval:
September 17, 1982

WHEREAS, by act of the General Assembly, the Board of Trustees of Clemson University may sell and make title to, upon such terms and conditions as it deems advisable, any real estate held by it as such, except that such power and authority does not extend to any part of the real property included in the bequest of Thomas G. Clemson, and, further, except that such authority and power shall not be exercised unless two-thirds of the members of the Board shall have agreed thereto, and

WHEREAS, from time to time inquiries are made from various sources as to the availability of Clemson University land for sale or exchange, and

WHEREAS, interested parties may be either public or private in nature, and the intended use of the land may be for public, commercial or private purposes,

WHEREAS, lands owned by the University are deemed to be held in public trust by the trustees in their fiduciary capacities, both individually and collectively, and

WHEREAS, the sole responsibility for decision as to sale or exchange rests with the Board of Trustees, now

THEREFORE, BE IT RESOLVED, as a matter of general policy Clemson University lands are not available for sale or exchange except when land in question is not deemed necessary for present or foreseeable use for purposes of the University, and, as a matter of specific policy, the Board of Trustees will not consider the sale or exchange of any land unless the land in question is intended for a state-wide use or otherwise very broad use which is deemed to be justifiable by a vote of at least nine members of the Board. Further, any sale of land belonging to Clemson University must be considered as to its being in the best interest of Clemson University.

Editor's Note

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