2024 House Bill 5820

AI Analysis – Experimental

House Bill No. 5820, introduced in 2024, aims to authorize the Michigan Department of Technology, Management, and Budget to convey or transfer two parcels of state-owned property in Arenac County. The bill sets forth conditions for such conveyance or transfer, including definitions of key terms like "fair market value," "net revenue," and "public use." It specifies the responsibilities of state departments and agencies regarding the property and details the property parcels involved. The bill prohibits the use of the property for for-profit enterprises or uses closed to the public and outlines various methods for conveyance or transfer, including competitive sale, transfer to local governments or the land bank fast track authority, jurisdictional transfer, property exchange, or sale for less than fair market value to local governments for exclusive public use. Provisions are included for extending conveyance time, ensuring public access, offering the state a reacquisition right, addressing reimbursement of state-incurred costs, appraisal requirements, and the inclusion of surplus property. The state reserves rights to aboriginal antiquities and a share of revenue from developed minerals, mandates the maintenance of historical or protected sites, and outlines consequences for use violations. The Department of Corrections is tasked with maintaining and securing the property until conveyance, and the Department of Technology, Management, and Budget may require recording of the conveyance instrument. Net revenue from property sales is to be deposited in the state treasury and credited to the general fund.