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3
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5
6 Cosponsor:
7 Calvin R. Musselman
8
9 LONG TITLE
10 General Description:
11 This bill enacts language relating to the transfer of certain state property to a
12 government entity.
13 Highlighted Provisions:
14 This bill:
15 ▸ provides that an appraisal of real property is not required for the transfer of real
16 property owned by specified agencies to a government entity, under certain
17 circumstances; and
18 ▸ provides an exception.
19 Money Appropriated in this Bill:
20 None
21 Other Special Clauses:
22 None
23 Utah Code Sections Affected:
24 AMENDS:
25 63A-5b-304, as enacted by Laws of Utah 2020, Chapter 152
26
27 Be it enacted by the Legislature of the state of Utah:
28 Section 1. Section 63A-5b-304 is amended to read:
29 63A-5b-304. Agencies authorized to hold title -- Transfer of real property to a
30 government entity.
31 (1) As used in this section:
32 (a) "Agency property" means real property, as described in Subsection (2), that:
33 (i) is owned by a title agency; and
34 (ii) the title agency no longer uses or needs.
35 (b) "Government entity" means:
36 (i) a local government entity, as defined in Section 63A-5b-901; or
37 (ii) a state agency, as defined in Section 63A-5b-901.
38 (c) "Title agency" means an agency listed in Subsection (2).
39 (2) Notwithstanding Section 63A-5b-303, an agency may hold title to real property that
40 the agency occupies for a purpose other than the agency's administrative offices, if the agency
41 is:
42 [
43 [
44 [
45 [
46 [
47 [
48 of Education;
49 [
50 [
51 (3) A title agency is not required to obtain an appraisal of agency property the title
52 agency intends to transfer to a government entity if:
53 (a) the director of the title agency determines that the transfer is in the best interest of
54 the title agency and the state; and
55 (b) the government entity to which ownership of the agency property is transferred will
56 use the property for a public purpose.
57 (4) Subsection (3) does not apply if the title agency is required by law to receive fair
58 market value in exchange for a transfer of agency property to a government entity.