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 improvements and surplus equipment, is currently under the jurisdiction of the department of state police. The bill outlines the responsibilities of various state departments in the conveyance process, including the department of technology, management, and budget, which will determine the fair market value of the property and oversee its sale or transfer. The conveyance can occur through various methods, including competitive sale, transfer to local governments, or jurisdictional transfer to other state agencies.

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 public use of the property, requiring 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 if any oil, gas, or minerals are developed on the property, the state will receive a portion of the revenue generated.