The bill authorizes the state administrative board to convey state-owned real property located in Kent County, specifically at 345 Northland Drive, NE, in the city of Rockford. The property, which consists of approximately 0.586 acres and includes various lots from the Wolverine Addition, is currently under the jurisdiction of the department of state police. The bill outlines the conditions for the conveyance, including the requirement for a fair market value appraisal and the responsibilities of the department of state police for maintaining the property until the transfer occurs. The conveyance can be executed through various methods, including competitive sale, transfer to local governments, or trading for other real property.

Additionally, the bill stipulates that the net revenue from the sale must be deposited into the state treasury and credited to the general fund. It includes provisions for the use of the property, mandating that it be used exclusively for public purposes for a specified number of years after the conveyance. The bill also reserves certain rights for the state, such as the right to reenter the property if the new owner does not comply with the public use restrictions. Furthermore, it ensures that any oil, gas, or mineral rights developed on the property will require the purchaser to pay the state a portion of the revenue generated.