CSSB 97(RES) Summary

• Increases the state land disposal income fund threshold from $5,000,000 to $12,000,000 before surplus deposits go to the general fund.

• Creates a new commercial land lease and sale program allowing the Department of Natural Resources to lease state land for up to 5 years with option to purchase if development requirements are met.

• Modifies agricultural land covenants to allow smaller minimum parcel sizes (20 acres instead of 40 acres) for homestead-obtained land and increases subdivision allowances for purchase-obtained land from four to eight parcels.

• Extends installment payment periods for certain land sales from 20 years to 30 years and permits contract termination instead of foreclosure procedures.

• Amends access road requirements to make right-of-way width standards mandatory (rather than "shall conform") within municipalities with zoning ordinances and allows public auctions to include online bidding.