63A-5b-910. Disposition of proceeds received by division from sale of vacant division-owned property.
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Effective 5/3/2023
63A-5b-910. Disposition of proceeds received by division from sale of vacant division-owned property.
(a)Except as provided in Section 26B-1-331 , the division shall pay into the state treasury the money received from the transfer of ownership or lease of vacant division-owned property.
(b)Money paid into the state treasury under Subsection (1)(a) :
(i)becomes a part of the funds provided by law for carrying out the building program of the state; and
(ii)is appropriated for the purpose described in Subsection (1)(b)(i) .
(2)Except as described in Subsection 63A-5b-407(7) , the proceeds from the transfer of ownership or lease of vacant division-owned property belonging to or used by a particular state agency shall, to the extent practicable, be expended for the construction of buildings or in the performance of other work for the benefit of that state agency.
Amended by Chapter 329 , 2023 General Session
Amended by Chapter 369 , 2023 General Session