- (1) This rule is made pursuant to Section 79-2-403.
(2)(a) The division may acquire real property or an interest in real property through any legal means, as provided by law, to fulfill its mission and legislative mandates.
- (b) If the division determines that any real property or interest in real property is no longer necessary for the purpose for which it was acquired, the division may lease, sell, exchange, or otherwise dispose of the real property or interest in real property.
- (3) When acquiring or disposing of real property or an interest in real property, the division shall consider and weigh the various economic and social values associated with the subject property in an effort to maintain a level of congruency between the compensation for the subject property and its values.
KEY: acquisition and disposal of real property interests
Date of Last Change: April 29, 2024
Authorizing, and Implemented or Interpreted Law: 79-2-403