HB 2625-S - DIGEST

(DIGEST OF PROPOSED 1ST SUBSTITUTE)

     Provides that, with the approval of the board of natural resources, the department may directly transfer or dispose of lands acquired under chapter 76.12 RCW without public auction, if such lands consist of ten contiguous acres or less, or have a value of twenty-five thousand dollars or less.  Such disposal may only occur in the following circumstances:  (1) Transfers in lieu of condemnation; and

     (2) transfers to resolve trespass and property ownership disputes.

     Declares that real property to be transferred or disposed of under this act shall be transferred or disposed of only after appraisal and for at least fair market value, and only if such transaction is in the best interest of the state or affected trust.  Provides that the proceeds from real property transferred or disposed of under this act shall be deposited into the park land trust revolving fund and be solely used to buy replacement land within the same county as the property transferred or disposed.