This bill authorizes the state administrative board to convey state-owned real property located in Kent County, specifically described as Lots 73, 74, 87, and 88 of the Wolverine Addition in Rockford, Michigan. The conveyance can be executed through a quitclaim deed or an affidavit of jurisdictional transfer, and the property includes all improvements and any surplus equipment present at the time of transfer. The bill outlines the responsibilities of the department of state police for maintaining the property until the conveyance, as well as the requirement for the department of technology, management, and budget to determine the fair market value of the property through an independent appraisal.

The bill also stipulates various methods for the sale or transfer of the property, including competitive sales, offers to local governments, and potential trades for other real estate. It mandates that any local government receiving the property must use it exclusively for public purposes and includes provisions for the state to reacquire the property if it is sold within 30 years. Additionally, the bill specifies that the net revenue from the sale will be deposited into the state treasury and outlines the handling of oil, gas, and mineral rights associated with the property. The conveyance must also respect any historical designations or protections applicable to the property.