The bill authorizes the state administrative board to convey a specific parcel of state-owned property in Eaton County to the Michigan Police Equipment Company. This conveyance aims to resolve a minor encroachment issue where the company's buildings extend onto state land, which has been deemed surplus by the Department of Technology, Management, and Budget. The property, approximately 0.29 acres in size, must be sold for at least its 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.

Additionally, the bill stipulates that the state will not retain any oil, gas, or mineral rights to the conveyed property; however, if the Michigan Police Equipment Company or its successors develop such resources, they must pay the state 50% of the gross revenue generated. The bill also reserves all aboriginal antiquities found on the property for the state and mandates that net revenue from the sale, after deducting associated costs, be deposited into the state treasury and credited to the general fund. The act is set to take immediate effect upon approval.