The adjutant general may exchange with or sell to any person lands owned by the state and used for military purposes, and may purchase, within funds available, parcels of land necessary for the construction of armories or the expansion of present military installations in the state. Sales must be made under the provisions of sections 54 -01-05.1 and 54 -01-05.2 and all net proceeds of sales must be placed in the national guard training area and facility development trust fund. The adjutant general may lease parts of military installations to any person. Land originally acquired from a county, city, or political subdivision for nominal consideration may be vacated by the adjutant general and conveyed back to the county, city, or political subdivision when the land is no longer necessary for military purposes.
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