SCR 1011 Summary

• Proposes an amendment to Article X, Section 4 of the Arizona Constitution regarding the sale or disposal of state trust lands.

• Reorganizes constitutional language into three subsections (A, B, C) without changing substantive requirements for trust land sales.

• Maintains requirements that trust lands must be appraised at true value before sale and cannot be sold for less than the appraised value or statutory minimum price.

• Preserves the requirement that sales on credit must be accompanied by adequate security and that legal title does not transfer until full consideration is paid.

• Requires voter approval and gubernatorial proclamation for the constitutional amendment to take effect.