Notice of the sale or trade of real property must be submitted to department staff when the property exceeds a current appraisal value of one hundred thousand ($100,000). The following information should be submitted:

1. A. a description of the land parcel being sold or traded, including a location map and a statement of the appraised value;
2. B. the reason for the disposition;
3. C. the amount of anticipated revenue from the sale and the expected use of this revenue;
4. D. to obtain the approval of the state board of finance, institutions will be required to submit additional documents, as listed in the boards rules and regulations.

[5.3.10.13 NMAC - Rp, 5.3.10.13 NMAC, 10/31/2017]