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independent appraiser. The commissioner may list the property for | | sale or lease with private real estate brokers at its appraised | | value and negotiate sales or leases, solicit bids, sell directly to | | purchasers or enter directly into leases with tenants. The | | commissioner may reject any offers; and be it further |
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| | | Sec. 7. Proceeds. Resolved: That the proceeds from any sale must be | | deposited as undedicated revenue into the General Fund. |
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| | | Any rental or lease proceeds that accrue to the State in | | excess of operating costs must be deposited into the General Fund | | undedicated revenue account; and be it further |
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| | | Sec. 8. Purchase. Resolved: That the State, by and through the | | commissioner, may: |
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| | | 1. Purchase property or interests in property that is located | | within the limits of the capitol area of the City of Augusta | | identified for acquisition in the master plan, including access | | and utility easements that may be required for proper use and | | operation of that property; and |
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| | | 2. Negotiate and execute purchase and sale agreements upon | | terms the commissioner considers appropriate provided the | | purchase and sale agreements include a provision that purchase is | | subject to legislative appropriation and provided the current | | market value of the property is appraised by an independent | | appraiser. |
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| | | This resolve authorizes the Commissioner of Administrative and | | Financial Services to acquire or dispose of property or interests | | in property in accordance with the Augusta State Facilities | | Master Plan. |
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