Bill > HB4702

This bill establishes a specific land transfer process for a parcel of state-owned property located in the Village of Peck, Sanilac County, Michigan. The bill first defines key terms like "fair market value" and "public use", which help establish guidelines for the property's potential sale or transfer. The state administrative board is authorized to convey or transfer the property, with the first right of purchase given to the Village of Peck for two years at fair market value. If the village does not purchase the property, the Department of Technology, Management, and Budget can sell the property through various methods, including competitive bidding, public auction, real estate brokerage services, or value-for-value exchanges. The bill includes several important conditions for potential sales, such as requiring that any local government purchaser use the property exclusively for public purposes and giving the state the right of first refusal if the local government wishes to resell the property within 30 years. Additionally, the bill stipulates that the state retains rights to aboriginal antiquities on the property and will receive half of any future oil, gas, or mineral revenue generated from the site. If the property is used in a manner that violates the specified restrictions, the state can reclaim the property without compensation to the current owner. Any net revenue from the sale will be deposited into the state's general fund.

Budget and Finance

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4702