HB2231 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, current and projected uses, and building descriptions.

• Creates new reporting requirements for the Commissioner of State Lands to evaluate at least 25% of state-owned real property annually and submit findings to the Governor, Legislative Council, and Joint Budget Committee by September 1 each year.

• Establishes procedures for state agencies and political subdivisions to sell, transfer, or exchange real property at market value, with notification to the Commissioner of State Lands within 30 days.

• Excludes certain entities from reporting requirements including the Arkansas State Highway and Transportation Department, institutions of higher education, retirement systems, State Game and Fish Commission, and Emergency Management Department.

• Authorizes the Commissioner of State Lands to recommend reclassification, sale, lease, or alternative use of underutilized state property to the Governor, with a 90-day approval window before implementation.