Loading chat...
ID S1277
Bill
Status
3/17/2014
Primary Sponsor
Resources and Environment Committee
Click for details
AI Summary
-
Authorizes the state board of land commissioners to exchange state lands for lands of equal value to consolidate holdings or improve management and use.
-
Exempts lands with primary value in buildings or structures from exchange requirements, unless the structures are continually used by a public entity for public purposes.
-
Allows state-owned "cottage sites" to be exchanged for lands of equal value, whether public or private.
-
Defines a land exchange as a transaction where the state conveys land pursuant to a pre-existing agreement, and permits the party receiving state land to differ from the party conveying land to the state.
-
Permits parties to purchase or sell assets related to the exchange transaction before, simultaneously, or after the transaction, provided all such purchases and sales are expressly included in the exchange agreement.
Legislative Description
Amends existing law to provide an exception to exchange provisions for certain lands, to provide for the exchange of lands known as "cottage sites," to clarify what the exchange of state lands means and to provide when certain parties shall not be prohibited from purchasing or selling assets relating to accomplishing an exchange transaction.
EXCHANGE OF STATE LAND
Last Action
Signed by Governor on 03/17/14 Session Law Chapter 98 Effective: 07/01/2014
3/17/2014