63A-5b-304. Agencies authorized to hold title -- Transfer of real property to a government entity.

287 words·~1 min read·/ut/title-63a/chapter-5b/63a-5b-304

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/3/2023

(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