Can’t find the valid AspnetCompilerPath

A note to myself, next time I try to do view compilation in msbulid and see exception

Can’t find the valid AspnetCompilerPath

I should either install VS2013 on my build server. Or choose a different version of msbuild.exe:
C:\Program Files (x86)\MSBuild\12.0\Bin\msbuild.exe.

The problem is caused by version mis-match. New msbuild is part of Visual Studio 2013 and not part of .Net framework itself. And by default your PATH variable points to .Net folders where older msbuild is found. So you in your scripts you need to explicitly specify what msbuild you need to use.