Property: conveyance of state property; transfer of certain state-owned property in Eaton County; provide for. Creates land transfer act.
The conveyance of this land will not only clear the encroachment but is also expected to contribute to the economic engagement of the Michigan Police Equipment Company in the area. The conditions laid out within the bill further delineate the responsibilities of state departments, ensuring that the prison property is handled in accordance with the law. Importantly, the net proceeds from this sale will be directed to the state treasury and credited to the general fund, which may have implications for funding state services.
House Bill 4023 aims to authorize the state administrative board to convey a specific parcel of state-owned property located in Eaton County to the Michigan Police Equipment Company. This action is intended to resolve an encroachment issue, where structures belonging to the Company have infringed upon state land that has been deemed surplus by the Department of Technology, Management, and Budget. The bill specifies that the conveyance must occur within two years of its effective date and be executed for at least the fair market value as appraised accordingly.
One of the notable aspects of the bill is its requirement to reserve mineral rights to the state, allowing the state to receive a portion of any revenues generated from resources developed on the transferred property. This provision could be a point of discussion amongst lawmakers, as it balances the interests of the state in retaining future revenues against the development opportunities that the property conveys. Additionally, there may be concerns regarding environmental impacts and remediation costs tied to the conveyance, which have not been explicitly detailed in the discussions surrounding the bill.