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 right of first refusal if the local government decides to sell the property again.

Additionally, the bill specifies that the net revenue from the sale will be deposited into the state treasury and credited to the general fund. It includes provisions for the state to reenter the property if the new owner violates the terms of the conveyance, such as using the property for non-public purposes. The conveyance will not reserve oil, gas, or mineral rights, but if such resources are developed, the state will receive half of the gross revenue generated. The bill aims to facilitate the responsible transfer of state property while ensuring that it serves the public interest.