entity. (1) As used in this section: (a) "Agency property" means real property, as described in Subsection (2), that: (i) is owned by a title agency; and (ii) the title agency no longer uses or needs. (b) "Government entity" means: (i) a local government entity, as defined in Section 63A-5b-901; or (ii) a state agency, as defined in Section 63A-5b-901. (c) "Title agency" means an agency listed in Subsection (2). (2) Notwithstanding Section 63A-5b-303, an agency may hold title to real property that the agency occupies for a purpose other than the agency's administrative offices, if the agency is: (a) the Department of Transportation; (b) the Department of Natural Resources; (c) the Department of Workforce Services; (d) the Division of Forestry, Fire, and State Lands; (e) the Utah National Guard; (f) an area vocational center or other institution administered by the State Board of Education; (g) the trust lands administration; or (h) an institution of higher education. (3) A title agency is not required to obtain an appraisal of agency property the title agency intends to transfer to a government entity if: (a) the director of the title agency determines that the transfer is in the best interest of the title agency and the state; and (b) the government entity to which ownership of the agency property is transferred will use the property for a public purpose. (4) Subsection (3) does not apply if the title agency is required by law to receive fair market value in exchange for a transfer of agency property to a government entity.
‹ Prev All Utah sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.