Senate Enrolled Act No. 107 Summary

• Removes the $10,000 property value limitation on state property exchanges, allowing the department to exchange state property for like-value property to settle disputes or improve property management and access

• Adds request for proposals as a third method for selling state property, in addition to competitive bids and auctions

• Requires documented negotiations with the highest bidder, including logs of meetings, descriptions of communications, and copies of written communications subject to public inspection after property transfer

• Protects proprietary information and trade secrets included in proposals from public inspection

• Requires the Department of Administration to notify the Division of State Museums and Historic Sites at least 90 days before transferring state property, with the division having 30 days to identify historic sites or structures and allowing the department to proceed if no notice is given within that timeframe