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