Brief Description: Allowing state and local governments to sell and lease property to foreign entities.

Sponsors: Representatives Delvin, Cooper, Jarrett, Berkey, Upthegrove and Conway.

Hearing Date: 2/12/03

Staff: Amy Wood (786-7127).

Background:

The state, any municipality, or political subdivision of the state, may sell, transfer, exchange, lease, or dispose of real or personal surplus property to the state, a political subdivision of the state, or the federal government.

Before disposing of surplus property with an estimated value greater than $50,000, the state or local government must hold a public hearing in the county where the property is located. Notice must be published at least 10 days but not more than 25 days before the hearing in a newspaper of general circulation in the area where the property is located. If the property is real property, the notice must also describe the proposed use of the lands involved. A news release must also be disseminated to the electronic media in the area where the property is located.

Summary of Bill:

The state, any municipality, or political subdivision of the state, may sell, transfer, exchange, lease, or dispose of real or personal surplus property to a foreign entity in accordance with formal hearing and notice requirements.

Appropriation: None.

Fiscal Note: Not Requested.

Effective Date: The bill takes effect ninety days after adjournment of session in which bill is passed.