53A-2-402.   Definitions.
     As used in this part:
     (1) "Eligible entity" means:
     (a) a city or town with a population density of 3,000 or more people per square mile; or
     (b) a county whose unincorporated area includes a qualifying township.
     (2) "Purchase price" means the greater of:
     (a) an amount that is the average of:
     (i) the appraised value of the surplus property, based on the predominant zone in the surrounding area, as indicated in an appraisal obtained by the eligible entity; and
     (ii) the appraised value of the surplus property, based on the predominant zone in the surrounding area, as indicated in an appraisal obtained by the school district; and
     (b) the amount the school district paid to acquire the surplus property.
     (3) "Qualifying township" means a township under Section 17-27a-306 that has a population density of 3,000 or more people per square mile within the boundaries of the township.
     (4) "Surplus property" means land owned by a school district that:
     (a) was purchased with taxpayer money;
     (b) is located within a city or town that is an eligible entity or within a qualifying township;
     (c) consists of one contiguous tract at least three acres in size; and
     (d) has been declared by the school district to be surplus.

Enacted by Chapter 339, 2006 General Session
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Last revised: Thursday, May 28, 2009