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. Specifically, 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. This financial support is intended to facilitate the purchase of new properties or the renovation of existing ones, as well as to enhance the services provided to adults with developmental disabilities.

The bill aims to alleviate the current requirement that all proceeds from the sale of State-owned properties must be returned to the State, which has posed significant challenges for nonprofit providers seeking to expand housing options. By reducing the lien pay-off amount and permitting the use of sale proceeds for property improvements and service enhancements, the legislation seeks to remove financial barriers that hinder the ability of these organizations to better serve adults with developmental disabilities.