View Amendment Current Amendment: ED to Bill 160

The Committee on Education proposed the following amendment (WAB\160C001.RT.WAB21):

Amend the bill, as and if amended, striking all after the enacting words and inserting:

/ SECTION 1. Section 59-53-1784(C) of the 1976 Code is amended to read:

"(C) (1) The authority is exempt from all regulations and general laws including, but not limited to, Sections 1-11-58 and 1-11-65, governing disposal of surplus government property, whether real, personal, or mixed.

(2) The exemption provided in item (1) includes an exemption for the sale of real property but only if the sale is for a price not less than a market value determined by an appraisal conforming to the Department of Administration's appraisal standards and the transfer of title is by quit claim deed. After the recording of the deed for the sold real property, the authority shall file with the Department of Administration and the State Fiscal Accountability Authority a copy of the recorded deed and a copy of the appraisal."

SECTION2. This act takes effect upon approval by the Governor. /