House Bill No. by Representative Boyer authorizes the commissioner of administration to transfer specific state properties located in St. Martin Parish to Brownell Land Company, LLC. The properties include two tracts: Tract 1, consisting of 76 acres, and Tract 2, consisting of 49.40 acres, with detailed descriptions provided in the bill. The transfer will exclude mineral rights, which will be reserved for the state. The commissioner is also empowered to enter into necessary agreements and execute documents to facilitate the transfer, ensuring that the consideration for the property is proportionate to its appraised value.
The bill stipulates that it will become effective upon the governor's signature or, if not signed, upon the expiration of the time for bills to become law without the governor's signature. If the bill is vetoed and later approved by the legislature, it will take effect the day after such approval. This legislation aims to streamline the process of transferring state property while maintaining the state's rights to mineral resources.