This bill establishes new procedures for the sale of certain State-owned properties that have been used by nonprofit agencies or organizations contracted with the Division of Developmental Disabilities for at least 10 years to provide housing for adults with developmental disabilities. It allows these agencies or organizations to pay off any liens on the property at a reduced rate of 50 percent and mandates that the Department of the Treasury transfer any proceeds from the sale directly to the agency or organization. Additionally, if the lien is paid off at this reduced rate, the Department of the Treasury is authorized to file a certificate to discharge the remaining portion of the lien.

The proceeds from the sale must be utilized by the agency or organization to either purchase a new property or renovate an existing one for housing purposes, or to enhance the services provided to adults with developmental disabilities. This bill aims to alleviate financial barriers that currently hinder nonprofit organizations from selling State-owned properties, thereby facilitating the expansion of housing options and services for adults with disabilities.