S.B. 94-195 Property acquired for military purposes - transfer to state agency. Permits the adjutant general to dispose of real estate for less than its appraised value when the disposition is to an agency of state government. Allows the adjutant general to make such disposition without an appraisal. In the event an offer has been made to purchase the real estate for more than its appraised value, requires the adjutant general to consider the terms of the offer and any cost savings to the state which would result from a transfer of such real estate to a state agency prior to making any disposition.
APPROVED by Governor May 31, 1994
EFFECTIVE May 31, 1994
H.B. 94-1011 Adjutant general - authority to dispose of real property - appraisals - report to capital development committee - investment of proceeds. Changes the number of appraisers required for appraisal of military real property before its disposition from 3 to one. Directs the department of military affairs to submit a list of 3 qualified appraisers to the governor to select an appraiser. If the governor does not select an appraiser within 30 days of receiving the list, authorizes the department to select an appraiser from the list. Requires that a qualified appraiser be registered, licensed, or certificated and be selected according to standards prescribed for negotiation of consultants' contracts.
Directs the state treasurer to invest proceeds from the disposition of real property in accordance with standards prescribed for short-term investments. Requires that interest earned on such investments be retained and disbursed with the principal amount.
Requires the adjutant general to submit a report to the capital development committee of the general assembly concerning the proposed disposition of any real property which is no longer suitable for military purposes. Specifies the contents of the report and requires the committee to review the report and make recommendations to the adjutant general within 30 days of receipt. Requires that the adjutant general consider such recommendations before disposing of any real property.
APPROVED by Governor March 2, 1994
EFFECTIVE March 2, 1994
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