This bill authorizes the state administrative board to convey state-owned property located in Eaton County to the Michigan Police Equipment Company. The conveyance aims to resolve a slight encroachment of the company's buildings on state land, which has been deemed surplus by the Department of Technology, Management, and Budget. The property must be sold for at least fair market value, determined by an independent appraisal, and the conveyance will be executed via a quitclaim deed approved by the Department of Attorney General. The bill also stipulates that the state will not reserve oil, gas, or mineral rights but will receive half of any gross revenue generated from such resources if developed by the Michigan Police Equipment Company or its successors.

Additionally, the bill reserves all aboriginal antiquities found on the property for the state, allowing for exploration and excavation. The net revenue from the sale, after deducting associated costs, will be deposited into the state treasury and credited to the general fund. The legal language inserted into the bill emphasizes the authority of the state and the conditions surrounding the conveyance, while no deletions from current law are noted.