(1) Except as stated in Subsection (1)(d), the provisions of this part, other than this section, do not apply to: (a) the division's disposal or lease of division-owned property that would otherwise be subject to this part, if the division-owned property has a value under $500,000, as estimated by the division; (b) a conveyance, lease, or disposal of division-owned property in connection with: (i) the establishment of a state store, as defined in Section 32B-1-102; or (ii) the construction of student housing; (c) a conveyance, lease, or disposal of any part of the point of the mountain state land, as defined in Section 11-59-102, by the Point of the Mountain State Land Authority created in Section 11-59-201; (d) a conveyance, lease, or disposal of division-owned property for fair market value, as determined by the division, under Subsection 63A-5b-303(1)(a)(viii), except that the following sections apply: (i) Section 63A-5b-907.5; (ii) Section 63A-5b-908; (iii) Section 63A-5b-910; (iv) Section 63A-5b-911; and (v) Section 63A-5b-912; or (e) a conveyance, lease, or disposal of any state-owned land, as defined in Section 11-70-101, by the Utah Fairpark Area Investment and Restoration District, created in Section 11-70-201. (2) Nothing in Subsection (1)(a), (b), or (d) may be construed to diminish or eliminate the division's responsibility to manage division-owned property in the best interests of the state.
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