2013 Idaho Statutes
Title 58 - PUBLIC LANDS
Chapter 3 - APPRAISEMENT, LEASE, AND SALE OF LANDS
Section 58-332 - DISPOSAL OF SURPLUS REAL PROPERTY.
(2) If no state agency acquires the surplus property, the board may dispose of the surplus property to any tax-supported agency or unit of the state of Idaho or the United States other than the state of Idaho or its agencies. Such disposition may be by negotiated sale or exchange; provided however, that such negotiated sales, transfers or exchanges shall be for adequate and valuable consideration.
(3) If no tax-supported agency or unit of the state of Idaho or the United States acquires the surplus property, the state board of land commissioners may offer at public sale, after notice of publication for four (4) consecutive weeks in a newspaper published in the county in which the property is situate, and sell the same to the highest and best bidder upon terms and conditions to be determined by the board and specified in the notice of sale. If the property does not sell at public auction, the board may have the property appraised and enter into negotiations with any party(s) to effect disposition of the property for adequate and valuable consideration. Sale may be by any method that will help dispose of the property including, but not limited to, direct negotiations with interested parties, use of advertising, hiring real estate agents and public auction.
(4) In all cases, the compensation received by the board for the sale of surplus property shall be returned to the agency which declared the property surplus to be placed in such account as may be appropriate. The board may deduct the costs of the sale from any proceeds before transmitting the proceeds back to the agency which declared the property surplus.
History:
[58-332, added 1951, ch. 223, sec. 2, p. 452; am. 1971, ch. 48, sec. 1, p. 104; am. 1986, ch. 113, sec. 1, p. 305; am. 2000, ch. 305, sec. 2, p. 1041.]
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