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House committee advances bill requiring disclosure for large public property dispositions
Summary
The House Political Subdivisions Committee unanimously adopted and recommended HB 5-35 (Sub 2), which would require public notice and signage before the disposition (sale, lease or joint venture) of public real property valued at $500,000 or more, while preserving closed-session negotiation rights.
Representative Thomas W. Walter introduced second substitute HB 5-35 to increase transparency when government entities dispose of significant parcels of real property, saying the bill responds to cases where sale terms were difficult to find in public records. "We just want to know, yes, we're planning to make a disposition, and on the other side, this is the decision that we made," Walter said in committee testimony.
The bill defines "disposition" to include a sale, lease or joint venture and sets a $500,000 threshold for "significant parcels." Sponsor Walter said the proposal requires a 45-day public…
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