HB 20-1082 Summary

• State Historical Society is authorized to dispose of vacant real property located on 5th Street in Georgetown, Colorado (legal description: Subdivision Georgetown Block 20 Lot L6; E2 L7; S2 L5, SURV #247705 786/115-116)

• State Controller and Office of State Architect must approve all agreements related to the property disposition prior to closing

• Proceeds from the sale must be credited to the state museum cash fund and used for capital outlay, capital construction, or controlled maintenance at museums statewide

• Property was acquired by the State Historical Society in 1989 through donation and has been vacant for over ten years; the current Georgetown Loop Railroad operator determined a ticket booth on the lot is unnecessary in the digital age

• Proceeds from the disposition must be credited to the state museum cash fund under section 24-80-214, Colorado Revised Statutes