The bill authorizes the state administrative board to convey state-owned property in Tuscola County to the Tuscola Area Airport Authority under specific conditions. The property, which is under the jurisdiction of the Department of Health and Human Services, is to be sold for $1.00 and must be used exclusively for public purposes, such as government administration, law enforcement, public education, and recreational areas. The bill outlines the definition of "net revenue" from the sale, which includes proceeds minus costs associated with the sale, and specifies that the property must not be used for profit or closed to the public.

Additionally, the bill stipulates that the conveyance will not reserve oil, gas, or mineral rights to the state, but if any such resources are developed, the state will receive half of the gross revenue. It also reserves the state's rights to aboriginal antiquities found on the property and mandates that if the property was previously used as a historical site or protected area, it must be maintained for that purpose indefinitely. The bill includes provisions for the management of the conveyance process and requires that any net revenue from the sale be deposited into the state treasury and credited to the general fund.