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1996 SESSION
964360801Be it enacted by the General Assembly of Virginia:
1. That § 2.1-512 of the Code of Virginia is amended and reenacted as follows:
§ 2.1-512. Sale or lease of surplus property.
Except when a department, agency or institution notifies the Department of a need for property which has been declared surplus, and the Department finds that stated need to be valid and best satisfied by the use of said property, the Department may dispose of such property as herein provided.
A. After such declaration the Department may, with the approval of the Governor in writing first obtained, proceed to sell the property. The sale shall be by public auction, or sealed bids, or by marketing through one or more real estate brokers licensed by the Commonwealth. Notice of the date, time and place of sale, if by public auction or sealed bids shall be given by advertisement in at least two newspapers published and having general circulation in the Commonwealth, at least one of which shall have general circulation in the county or city in which the property to be sold is located. At least thirty days shall elapse between publication of such notice and the auction or the date on which sealed bids will be opened.
In instances where the appraised value of property proposed to be sold is determined to be a nominal amount or an amount insufficient to warrant statewide advertisement, but in no event in excess of $50,000, the notice of sale may be placed in only one newspaper having general circulation in the county or city in which the property to be sold is located.
B. The Department shall have the right to reject any and all bids or offers when, in the opinion of the Department, the price is inadequate in relation to the value of such property or if a need has been found for the property. If the Department deems the bid or offer fair and adequate in relation to the value of the property, and if no other need for the property has been found, the Department shall recommend acceptance of such bid or offer to the Governor for approval. In lieu of the sale of any such property, the Department may, with the approval of the Governor, lease the same to any responsible person, firm or corporation on such terms as shall be fair and adequate in relation to the value of such property. The provisions of this article requiring disposition of such property through the medium of sealed bids, public auction, or marketing through licensed real estate brokers shall not apply to any lease thereof, although such procedures may be followed in the discretion of the Department. The deed or lease to such property shall be executed in the name of the Commonwealth and shall be in a form approved by the Attorney General. The deed or lease may be executed on behalf of the Commonwealth by the Department of General Services. The terms of such sale or lease shall be subject to the approval of the Governor, in writing.
B1. An exception to sale by sealed bids, public auction, or listing the property with a licensed real estate broker may be granted by the Governor if the property is landlocked and inaccessible from a public road or highway. In such cases, the Department shall notify all adjacent landowners of the Commonwealth's desire to dispose of the property. After such notice has been given, the Department may begin negotiations for the sale of the property with each interested adjacent landowner. The Department, with the approval of the Governor, may accept any offer which it deems to be fair and adequate consideration for the property. In all cases, such offer shall be the best offer made by any adjacent landowner. The terms of all negotiations shall be public information.
C. Fifty Notwithstanding any law to the contrary,
100 percent of the proceeds from all such sales or leases, or
from the conveyance of any interest in property under the provisions of this
article, above the costs of such transaction, which costs shall
include fees or commissions, if any, negotiated with and paid to auctioneers or
real estate brokers, shall be paid, subject to any
contrary provisions of law, deposited into the
Conservation Resources Fund, so long as a special fund
established on the books of the Comptroller for use, upon
appropriation, for capital facility improvements for the
Commonwealth's public institutions of higher education,
provided the sales or leases pertain to general fund agencies or the
property involved was originally acquired through the general fund, except as
provided in Chapter 180 of the Acts of Assembly of 1966. The remaining
fifty percent of proceeds involving general fund sales or leases, less a pro
rata share of any costs of such transactions, shall be deposited in the general
fund of the Commonwealth. The Department of Planning and Budget shall develop
guidelines which allow, with the approval of the Governor, any portion of the
deposit in the general fund to be credited to the agency, department or
institution having control of the property at the time it was determined
surplus to the Commonwealth's needs. Any amounts so credited to an agency,
department or institution may be used, upon appropriation, to supplement
maintenance reserve funds, to supplement capital project appropriations, and
for the acquisition, construction or improvement of real property or
facilities. Net proceeds from sales or leases of special fund agency
properties or property acquired through a gift for a specific purpose shall be
retained by such agency or used in accordance with the original terms of the
gift.
D. When the Department deems it to be in the best interests of the Commonwealth, it may, with the approval of the Governor, authorize the department, institution or agency in possession or control of the property to dispose of surplus property in accordance with the procedures set forth herein.