MI SB0452

Authorizes the State Administrative Board to convey approximately 0.586 acres of state-owned property at 345 Northland Drive NE in Rockford, Kent County, currently under Department of State Police jurisdiction

Permits conveyance through competitive sale at fair market value, sale to local governments, jurisdictional transfer to another state agency, property trade, or sale to local governments below fair market value with conditions

Requires property sold below fair market value to local governments to be used exclusively for public purposes (government administration, law enforcement, parks, education, etc.) for 30 years

Grants the state right to repurchase at original sale price if a local government attempts to sell the property within 30 years, with 120 days to consider reacquisition

Deposits net revenue from the sale into the state general fund, with the state entitled to half of any gross revenue if oil, gas, or minerals are subsequently developed on the property