The bill amends the Code of West Virginia to provide county commissions with the authority to utilize competitive bidding as an alternative to the traditional public auction process for the sale of county-owned real property. It establishes specific requirements for competitive bidding, including a minimum sales price of one and one-half times the assessed value of the property or based on a third-party appraisal. The county commission must publish a Class II legal advertisement to solicit bids, ensuring equal opportunity for all qualified bidders and maintaining transparency throughout the process.

Additionally, the bill clarifies the conditions under which county commissions can sell property directly to private parties, requiring that the purchase price be at least 75% of the property's appraised value. It mandates that the county commission publish details of the proposed sale in a local newspaper and on its official website after the sale is completed. The legislation also retains provisions for public auctions and outlines the authority of county commissions to lease property, ensuring that all transactions are conducted with fair consideration and transparency.

Statutes affected:
Introduced Version: 7-3-3
Committee Substitute: 7-3-3
Engrossed Committee Substitute: 7-3-3
Enrolled Committee Substitute: 7-3-3