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 slight encroachment issue by the company's buildings on state land, which has been deemed surplus by the Department of Technology, Management, and Budget. The property, located in Windsor Township, is to be sold for no less than fair market value, determined by an independent appraisal, and must include all permanent improvements and surplus property. The conveyance will be executed via a quitclaim deed, and the state will not reserve any oil, gas, or mineral rights, although it will receive half of any gross revenue generated from such resources if developed by the company.

Additionally, the bill stipulates that the state will retain rights to all aboriginal antiquities found on the property, allowing for exploration and excavation. The net revenue from the sale, defined as the proceeds minus associated costs, will be deposited into the state treasury and credited to the general fund. The bill outlines the responsibilities of various state departments and agencies in relation to the conveyance and ensures that the process adheres to legal and financial standards.