(1) As used in this section:
(a) "Agency property" means real property, as described in Subsection (2), that:
- (i) is owned by a title agency; and
- (ii) the title agency no longer uses or needs.
(b) "Government entity" means:
- (i) a local government entity, as defined in Section 63A-5b-901; or
- (ii) a state agency, as defined in Section 63A-5b-901.
- (c) "Title agency" means an agency listed in Subsection (2).
(2) Notwithstanding Section 63A-5b-303, an agency may hold title to real property that the agency occupies for a purpose other than the agency's administrative offices, if the agency is:
- (a) the Department of Transportation;
- (b) the Department of Natural Resources;
- (c) the Department of Workforce Services;
- (d) the Division of Forestry, Fire, and State Lands;
- (e) the Utah National Guard;
- (f) an area vocational center or other institution administered by the State Board of Education;
- (g) the trust lands administration; or
- (h) an institution of higher education.
(3) A title agency is not required to obtain an appraisal of agency property the title agency intends to transfer to a government entity if:
- (a) the director of the title agency determines that the transfer is in the best interest of the title agency and the state; and
- (b) the government entity to which ownership of the agency property is transferred will use the property for a public purpose.
- (4) Subsection (3) does not apply if the title agency is required by law to receive fair market value in exchange for a transfer of agency property to a government entity.
Amended by Chapter 200, 2023 General Session