SB 968

Abstract

Amends the State Property Control Act. Makes changes to the definition of "surplus real property". Provides that the Administrator shall obtain 2 (rather than 3) appraisals of the value of certain real property, and shall only obtain a third appraisal if the first 2 appraisals differ by more than 15%. Provides that appraisals shall include any known liabilities, including, but not limited to, environmental costs. Allows real property to be conveyed for less than the fair market value if the Administrator makes a written determination that the conveyance is in the best interests of the State. Allows the Executive Ethics Commission to review the determination. Makes changes to the acquisition of surplus real property by State agencies. Reduces the period of notice to State agencies and local governments of the existence of surplus real property from 60 days to a notice period of at least 14 days. Allows the Administrator to engage in negotiations to allow State agencies and local governments to acquire surplus real property. Allows the Administrator to use electronic auction or sealed bids for the disposal of surplus real property.