This bill proposes the establishment of a state property review board, which will consist of members appointed by the governor, the president of the senate, and the speaker of the house of representatives, along with a nonvoting advisory member from the department of administration. The board is tasked with conducting a comprehensive utilization audit of all real property owned by the department of administration or any state agency, excluding land held in trust by the state land department, starting January 1, 2027. Properties identified as having a use rate of less than sixty percent will be classified as Surplus Property and added to a Mandatory Disposal List.

Furthermore, the bill mandates that properties on this list be sold at public auction within twelve months to the highest bidder. The net proceeds from these sales will be deposited into the state general fund, overriding any other laws that might interfere with this requirement. The bill emphasizes the need to address the underutilization of state-owned properties, which incurs unnecessary costs, and aims to convert these assets into capital to support the state university system, thereby providing a fiscally responsible alternative to tax increases.

Statutes affected:
Introduced Version: 41-791.05