HB 1823 Summary

• Requires state agencies to maintain and furnish detailed records of real property to the Commissioner of State Lands, including official recording information, legal descriptions, purchase dates/prices, current uses, and building descriptions.

• Establishes reporting requirements for state agencies owning buildings 45+ years old to provide photographs and identifying information annually to the Arkansas History Commission.

• Creates new procedures for state agencies to submit proposals for real property sales, transfers, or exchanges to the Commissioner within 14 days, including evaluation and recommendations before accepting proposals.

• Exempts the Arkansas State Highway and Transportation Department, institutions of higher education, and certain retirement systems from full compliance, requiring only inventory records and semiannual submissions upon request.

• Authorizes the Commissioner of State Lands to conduct comprehensive evaluations of at least 25% of state-owned real property annually, identify underutilized property, and make recommendations to the Governor for reclassification, sale, lease, or alternative uses.