Bill Text: WV SB635 | 2024 | Regular Session | Introduced
Bill Title: Modifying rules regarding liquidation of property
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2024-02-19 - To House Government Organization [SB635 Detail]
Download: West_Virginia-2024-SB635-Introduced.html
WEST VIRGINIA LEGISLATURE
2024 REGULAR SESSION
Introduced
Senate Bill 635
By Senator Oliverio
[Introduced February 5, 2024; referred
to the Committee on Government Organization]
A BILL to amend and reenact §18B-19-10 of the Code of West Virginia, 1931, as amended, relating to modifying when a commission, council, or a governing board may sell, convey, or otherwise dispose of any real property that was gifted or devised to it.
Be it enacted by the Legislature of West Virginia:
Article 19. Capital Projects and Facilities Needs.
§18B-19-10. Authorization to sell and transfer property; use of proceeds.
(a) Notwithstanding any other provision of law or this code to the contrary, the commission, council, and governing boards each may sell, lease, convey or otherwise dispose of all or part of any real property that it owns, either by contract or at public auction, and shall retain the proceeds of the transaction.
The commission, council and governing boards may not sell, convey, or otherwise dispose of any real property which was purchased by the commission, council, and governing boards without first performing the following steps:
(1) Providing for property appraisal by two independent licensed appraisers. The property may not be sold for less than the average of the two appraisals; except that if the property is sold at a public auction, then two appraisals shall not be required;
(2) Providing notice of the sale or lease to the public in the county in which the real property is located by a Class II legal advertisement pursuant to section two, article three, chapter fifty-nine of this code;
(3) Holding a public hearing on the issue in the county in which the real property is located; and.
(4) For real property with a proposed sale price of $50,000 or greater, ten Ten days prior to the placement of the Class II legal advertisement, providing written notice to the county commission and municipalities in the county in which the real estate property is located and all members of the Legislature, and
(5) In the case of the commission, notifying the Joint Committee on Government and Finance.
(b) The commission, council or a governing board may not lease real property for an annual amount of greater than $50,000 $150,000 without satisfying the obligations of subdivisions (2) to and (3) (4) of subsection (a) of this section.
(c) The commission, council or a governing board may not sell, convey, or otherwise dispose of any real property that was gifted or devised to it without first satisfying the obligations of subdivisions (2) and (3) of subsection (a) of this section.
(c)(d) The commission, council or a governing board shall deposit the net proceeds from the sale, conveyance, or other disposal of real property into a special revenue account in the State Treasury to the credit of the commission, council, or governing board that sold, conveyed, or otherwise disposed of the real property.
NOTE: The purpose of this bill is to modify when a commission, council, or a governing board may sell, convey, or otherwise dispose of any real property that was gifted or devised to it.
Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.
