Current through the 2024 Fourth Special Session
Section 63A-5b-304 - Agencies authorized to hold title - Transfer of real property to a government entity(1) As used in this section:(a) "Agency property" means real property, as described in Subsection (2), that: (i) is owned by a title agency; and(ii) the title agency no longer uses or needs.(b) "Government entity" means:(i) a local government entity, as defined in Section 63A-5b-901; or(ii) a state agency, as defined in Section 63A-5b-901.(c) "Title agency" means an agency listed in Subsection (2).(2) Notwithstanding Section 63A-5b-303, an agency may hold title to real property that the agency occupies for a purpose other than the agency's administrative offices, if the agency is: (a) the Department of Transportation;(b) the Department of Natural Resources;(c) the Department of Workforce Services;(d) the Division of Forestry, Fire, and State Lands;(e) the Utah National Guard;(f) an area vocational center or other institution administered by the State Board of Education;(g) the trust lands administration; or(h) an institution of higher education.(3) A title agency is not required to obtain an appraisal of agency property the title agency intends to transfer to a government entity if:(a) the director of the title agency determines that the transfer is in the best interest of the title agency and the state; and(b) the government entity to which ownership of the agency property is transferred will use the property for a public purpose.(4) Subsection (3) does not apply if the title agency is required by law to receive fair market value in exchange for a transfer of agency property to a government entity.Amended by Chapter 200, 2023 General Session ,§ 1, eff. 5/3/2023.Added by Chapter 152, 2020 General Session ,§ 24, eff. 5/12/2020.