Current through the 2024 Fourth Special Session
Section 63A-5b-909 - State real property subject to right of first refusal(1)(a) If Section 78B-6-520.3 applies to vacant division-owned property, the division shall comply with Subsection 78B-6-520.3(3).(b) If a condemnee accepts the division's offer to sell the vacant division-owned property as provided in Section 78B-6-520.3, the division shall: (i) comply with the requirements of Section 78B-6-520.3; and(ii) terminate any process to convey the vacant division-owned property.(c) A condemnee may waive rights and benefits afforded under Section 78B-6-520.3 and instead seek a transfer of ownership or lease of vacant division-owned property under the provisions of this chapter in the same manner as any other person not entitled to the rights and benefits of Section 78B-6-520.3.(2)(a) If Section 78B-6-521 applies to the anticipated disposal of the vacant division-owned property, the division shall comply with the limitations and requirements of Subsections 78B-6-521(2) and (3).(b) If the original grantor or a subsequent bona fide purchaser, or the original grantor's or subsequent bona fide purchaser's assignee, accepts an offer for sale as provided in Subsection 78B-6-521(2)(a), the division shall:(i) sell the vacant division-owned property to the original grantor or subsequent bona fide purchaser, or the original grantor's or subsequent bona fide purchaser's assignee, in accordance with Section 78B-6-521; and(ii) terminate any process under this chapter to convey the vacant division-owned property.(c) An original grantor or subsequent bona fide purchaser, or the original grantor's or subsequent bona fide purchaser's assignee, may waive rights afforded under Section 78B-6-521 and instead seek a transfer of ownership or lease of vacant division-owned property in the same manner as any other person seeking a transfer of ownership or lease of vacant division-owned property to which Section 78B-6-521 does not apply.Amended by Chapter 480, 2024 General Session ,§ 8, eff. 5/1/2024.Amended by Chapter 101, 2022 General Session ,§ 1, eff. 5/4/2022.Renumbered from § 63A-5a-206 and amended by Chapter 152, 2020 General Session ,§ 62, eff. 5/12/2020.Added by Chapter 195, 2019 General Session ,§ 14, eff. 5/14/2019.