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ID H0188
Bill
AI Summary
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Requires the State Board of Land Commissioners to lease all nonagricultural improvements on state lands to private persons and sell all business operations on state lands to private persons, except where land is used by a public entity for a public purpose.
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Modifies procedures for depositing proceeds from the sale of state endowment lands by requiring proceeds to be allocated directly to the permanent endowment fund of each respective endowment along with any earnings on said proceeds.
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Removes the authorization for the State Board of Land Commissioners to hold proceeds from land sales in a land bank fund for up to five years and instead requires immediate deposit into permanent endowment funds.
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Reserves all state-owned lands classified as chiefly valuable for forestry, reforestation, recreation, and watershed protection from sale and designates them as state forests.
Legislative Description
Amends existing law relating to public lands to revise the powers and duties of the State Board of Land Commissioners to provide that, except where land is used by a public entity for a public purpose, all nonagricultural improvements shall be leased to private persons and all business operations shall be sold to private persons; to revise provisions relating to the deposit of proceeds from the sale of state endowment lands; to provide for the allocation and deposit of such proceeds and earnings thereon in specified permanent endowment funds and to remove provisions relating to authorization for the State Board of Land Commissioners to hold proceeds from the sale of land for a specified time.
PUBLIC LANDS
Last Action
to Res/Con
2/23/2011