MI HB5820

Authorizes the department of technology, management, and budget to convey or transfer two parcels of state-owned property in Arenac County (totaling approximately 117.97 acres) currently under the jurisdiction of the department of corrections.

Permits multiple sale methods including competitive bidding, sale to local government units at fair market value, transfer to the land bank fast track authority, exchange for other property, or sale to local government at below fair market value with public use restrictions.

Requires any below fair market value sale to local government include a deed restriction limiting use to public purposes (government, law enforcement, education, parks, health services, etc.) and grants the state a right of first refusal if the local unit later intends to convey the property.

Reserves to the state all aboriginal antiquities on the property and entitles the state to one-half of gross revenue from any oil, gas, or mineral development; allows state to reclaim property if restrictions are violated.

Requires state administrative board approval for any conveyance and directs net revenue from sales (after deducting administrative, environmental, and legal costs) to be deposited in the state general fund.