Property: conveyance of state property; transfer of certain state-owned property in Kent County; provide for. Creates land transfer act.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill, known as the Land Transfer Act, allows the state administrative board to transfer state-owned property in Kent County to local governments or other state agencies. It outlines procedures for the transfer, including determining fair market value, offering the property for sale through various methods, and establishing conditions for the property’s use, such as a 30-year public use restriction. Revenue generated from the property transfer will be deposited into the state general fund.
Key provisions
- Authorizes the state administrative board to convey state-owned property in Kent County via quitclaim deed or affidavit of jurisdictional transfer.
- Establishes a 30-year public use restriction on the transferred property.
- Outlines various methods for selling the property, including competitive bidding, direct sale to local governments, and jurisdictional transfer.
- Requires the determination of fair market value for the property.
- Specifies that revenue from the sale must be deposited into the state general fund.
- Addresses potential reversion of property if the local government fails to meet the public use requirements.
- Requires the local government to record the conveyance instrument with the Kent County register of deeds.
- Addresses mineral rights and revenue sharing if oil, gas, or minerals are discovered.
Who is affected
- State Administrative Board
Bill text
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Document of record
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- Senate Introduced Bill
- Published
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