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MN HF2093

Bill

Official Source

Status

Introduced

2/25/2014

Primary Sponsor

Lyndon Carlson

Click for details

Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Prohibits state agencies from paying more than 10 percent above the appraised value when acquiring real property with public money
  • Requires agencies to prepare a fact sheet with legal property description and acquisition authority before purchase
  • Mandates independent appraisal by a sworn appraiser with no financial interest in the property, with oath attached to appraisal report
  • Allows agencies to pay less than appraised value and use savings to offset purchases above appraised value, provided accumulated overpayments do not exceed accumulated underpayments
  • Excludes the Department of Natural Resources and Board of Water and Soil Resources from requirements; applies to state agencies and Board of Trustees of Minnesota State Colleges and Universities

Legislative Description

State agencies prohibited from paying more than ten percent over the appraised value to acquire real property.

Last Action

Author added Drazkowski

2/27/2014

Committee Referrals

Ways and Means2/27/2014
Government Operations2/25/2014

Full Bill Text

No bill text available