This bill authorizes the state administrative board to convey state-owned property located in Jackson County, specifically the former Dalton Road Landfill site, under certain conditions. The bill defines key terms such as "fair market value," "net revenue," and "public use," and outlines the process for the conveyance, which includes offering the property first to Jackson County for $1.00. If Jackson County declines, the property may be sold through competitive bidding, public auction, or other means to ensure the best value for the state. The bill also stipulates that any sale to a local government must be for public use and includes provisions for the state to retain certain rights, such as a share of any revenue generated from oil, gas, or mineral development on the property.

Additionally, the bill establishes conditions for the conveyance, including the requirement for the property to be used exclusively for public purposes and the necessity for local governments to notify the state if they intend to sell the property in the future. The state retains the right to reenter the property if the terms of the conveyance are violated. Finally, the net revenue from the sale of the property will be deposited into the state treasury and credited to the general fund. The enactment of this bill is contingent upon the passage of Senate Bill No. 478.