The executive board may settle any disagreement between the executive board and any person claiming a right , interest, estate, or lien in or upon lands or improvements on such land occupied by or used in connection with any state institution , or any claim by a person for damages to any such land or improvements with the approval of the governor and the commissioner of management and budget . In entering a settlement, the executive board may make any necessary conveyance of land. All money received by the executive board as a part of any such settlement must be paid into the general fund.
Minn. Stat. § 246C.16