This bill proposes several updates to the current statutes regarding state trust land exchanges. It replaces the term "public" with "other" in the context of land exchanges, allowing for exchanges with private individuals as well as government entities. The bill also clarifies that counties or municipalities cannot select lands in another county or municipality, and it introduces new requirements for the department to notify state legislators about proposed exchanges, including a report detailing the fiscal impact on local jurisdictions. Additionally, it mandates that public hearings be held regarding proposed exchanges, ensuring community input.

Furthermore, the bill modifies the approval process for exchange transactions, shifting from a requirement for a referendum by the qualified electors to needing the signature of the governor. It also stipulates that lands conveyed to the state under this article must be dedicated to the same purpose and administered under the same laws as the original lands, with the possibility of reclassification. Lastly, the act will only take effect if the Constitution of Arizona is amended by a public vote at the next general election.

Statutes affected:
Introduced Version: 37-604