HB 5612
Relating to property valuations of properties located on the State Capitol Complex
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes how the state assesses the value of properties within the State Capitol Complex. It requires state agencies to identify and designate any properties that are not being used or are substantially underutilized. Importantly, it removes the requirement to determine the market value of these Capitol Complex properties, shifting that responsibility to the Real Estate Division.
Key provisions
- State agencies must identify unused or substantially underused properties.
- The Real Estate Division will review property inventories.
- The Real Estate Division will make recommendations to the Governor and Secretary of the Department of Administration regarding property use.
- The bill removes the requirement to establish market values for properties within the State Capitol Complex.
Who is affected
- State agencies
- The Department of Administration
- The Real Estate Division
- The Governor
- State government
Notable changes
- Eliminates the requirement to determine market value for properties in the State Capitol Complex.
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