This bill amends the Code of West Virginia, specifically section 5A-10-10, to enhance the review process of real property owned or leased by the state. It mandates that each state agency must identify properties that are either unused or substantially underused, as designated by the respective department, agency, or institution. This change aims to improve the management and utilization of state-owned properties by ensuring that agencies actively participate in the designation process.

Additionally, the bill removes the requirement for the Real Estate Division to establish the market value of properties located on the State Capitol Complex. This deletion simplifies the evaluation process by eliminating the need for market value assessments, allowing the Real Estate Division to focus on other aspects of property management and potential transactions that may benefit the state. Overall, the bill seeks to streamline property management practices and enhance the efficiency of state resource utilization.

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