§ 146-27. The role of the Department of Administration in sales, leases, and rentals.

Article 7.

Dispositions.

§ 146‑27.  The role ofthe Department of Administration in sales, leases, and rentals.

(a)        General. – Everysale, lease, rental, or gift of land owned by the State or by any State agencyshall be made by the Department of Administration and approved by the Governorand Council of State. A lease or rental of land owned by the State may notexceed a period of 99 years. The Department of Administration may initiateproceedings for sales, leases, rentals, and gifts of land owned by the State orby any State agency.

(b)        Large Disposition.– If a proposed disposition is a sale or gift of land with an appraised valueof at least twenty‑five thousand dollars ($25,000), the sale or giftshall not be made until after consultation with the Joint LegislativeCommission on Governmental Operations.

(c)        Expired effectiveSeptember 1, 2007. (1957,c. 584, s. 6; G.S., s. 146‑108; 1959, c. 683, s. 1; 1977, c. 425, ss. 1,2; 1987, c. 738, s. 47(b); 1993, c. 561, s. 32(a); 1998‑159, s. 5; 2005‑276,s. 6.25(a).)