HB 3050 Summary

• Restricts state agencies from transferring real property without prior approval from the Long-Range Capital Planning Commission; allows Commission to reverse impermissible transfers within 30 days.

• Requires proceeds from state property sales to be deposited into the Maintenance of State Buildings Revolving Fund rather than general revenue.

• Authorizes Office of Management and Enterprise Services to accept bids less than 90% of appraised value for underutilized properties with environmental issues or liability concerns after two failed public auctions.

• Expands exemptions from state property procedures to include Oklahoma Department of Transportation and Oklahoma Turnpike Authority.

• Requires annual reporting to Governor and Legislature on previously state-owned property sold, space leased reductions, and deferred maintenance funding.