63A-5b-905. Notice required before division may effect a transfer of ownership or lease of division-owned property for less than fair market value.
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Effective 5/1/2024
63A-5b-905. Notice required before division may effect a transfer of ownership or lease of division-owned property for less than fair market value.
(1)Before the division may effect a transfer of ownership or lease of vacant division-owned property for less than fair market value, the division shall give notice as provided in Subsection (2).
(2)A notice required under Subsection
(1)shall:
(a)identify and describe the vacant division-owned property;
(b)indicate the availability of the vacant division-owned property;
(c)invite persons interested in the vacant division-owned property to submit a written proposal to the division;
(d)indicate the deadline for submitting a written proposal;
(e)be posted on the division's website for at least 60 consecutive days before the deadline for submitting a written proposal, in a location specifically designated for notices dealing with vacant division-owned property;
(f)be posted on the Utah Public Notice Website created in Section 63A-16-601 for at least 60 consecutive days before the deadline for submitting a written proposal; and
(g)be sent by email to each person who has previously submitted to the division a written request to receive notices under this section.
Amended by Chapter 480 , 2024 General Session