SB367 Summary

• State Department of Finance must develop and maintain an online inventory of all state-owned, leased, or occupied facilities and lands, with all state agencies required to self-report by July 1, 2019, subject to $1,000 daily fines for non-compliance.

• Agencies reporting surplus property must provide detailed information including location, size, acquisition date, current use status, and projected five-year uses; intentional omission or falsification of reports results in $1,000 fines per occurrence.

• Proceeds from surplus land sales conducted pursuant to Article 3 of Chapter 15 of Title 9 shall be divided evenly between the General Fund and the agency that owned or maintained the property.

• The Lands Division must first offer surplus properties to other state agencies within 60 days, then to relevant municipalities or counties within 60 days, before advertising for public sale.

• The Lands Division must adopt implementation rules within 180 days of the act's effective date; the bill becomes effective three months after passage and approval.