The bill amends the Code of West Virginia, specifically section 5A-10-10, to enhance the review process of the state's real property inventory. It mandates that every state agency identify properties that are either unused or substantially underused. Additionally, the bill removes the previous requirement for state agencies to establish the market value of real property they own or lease, streamlining the process for managing state-owned real estate.

The Real Estate Division is tasked with conducting a review of the real property inventory at least once every four years to ensure accuracy. Following this review, the Division will provide recommendations to the Governor and the Secretary of the Department of Administration regarding the optimal use of identified properties, including analyses of potential alternative uses and evaluations of proposals from private parties that could benefit the state. This legislative change aims to improve the efficiency and effectiveness of state property management.

Statutes affected:
Introduced Version: 5A-10-10
Engrossed Version: 5A-10-10
Enrolled Version: 5A-10-10