UT HB0535

Local governmental entities must determine whether public property constitutes a "significant parcel" before disposal, with a default threshold of $500,000 or more in estimated fair market value if not defined by local ordinance

Disposal of significant parcels requires publishing intent on the entity's website or a real estate listing site for at least 45 consecutive days, posting a physical sign on the property, announcing intent at a public meeting, and obtaining governing body approval by majority vote

School districts may sell surplus property through the general public disposal process if no eligible entity (county, city, or town) purchases it within 90 days of notification

The bill applies to municipalities, counties, agencies, special districts, housing authorities, and school districts, while exempting transfers between governmental entities, cemetery plot sales, and property exchanges where parcels are of reasonably equivalent value

Criminal penalties in existing Sections 11-1-3 and 11-1-6 for violations related to public property bonds and warrants are repealed, effective May 6, 2026