OFFICES AND OFFICERS ‑- STATE ‑- AERONAUTICS COMMISSION ‑- AUTHORITY TO SELL PROPERTY ‑- PROCEEDS ‑- COMPLIANCE WITH FEDERAL GRANT The state aeronautics commission has the authority (1) to sell property located on an emergency airfield granted to the state by the federal government; and (2) to place the proceeds in a special fund from which expenses of improvements on the airfield may be paid when the federal grant of such property requires the proceeds be so expended.