SB294 Alabama 2010 Session

Summary

Primary Sponsor

Kim Benefield

Democrat

Co-Sponsor

George M. “Marc” Keahey

Session

Regular Session 2010

Title

State property, time period for state to repurchase land sold by state to certain entities if later sold to private person or entities, decreased, municipal commercial development authorities exempt from procedures regarding sale or transfer of state property, retroactive effect, Sec. 9-15-82 am'd.

Summary

SB294 would expand and relax rules for selling or transferring certain state-owned real property, shorten the state’s window to repurchase sold land from five to three years, include municipal commercial development authorities in the exemption, and apply the change retroactively to 1995.

What This Bill Does

It amends Section 9-15-82 to exempt certain state property transfers from normal procedures, and to shorten the state's repurchase window to three years (from five). It also adds municipal commercial development authorities to the exempt group. The changes are retroactive to June 29, 1995, and include conditions like Governor approval and advance notice to the Lands Division for applicable transactions; existing exceptions and special rules for certain entities are retained where specified.

Who It Affects

• State agencies, boards, and other state entities that own property and would be able to sell or transfer it without the usual procedures, with a potential right of repurchase if sold within three years.
• Municipal commercial development authorities, along with private buyers or developers who acquire state property under the exemption, and whose transactions may be exempt from standard procedures.

Key Provisions

• Decrease repurchase window from five years to three years for property sold by the state, with the state retaining the right to repurchase at the sale price if sold within the three-year period.
• Include municipal commercial development authorities within the exemption for transfers/sales of state-owned real property.
• Make the exemption retroactive to June 29, 1995.
• Require Governor's approval and at least 30 days' notice to the Lands Division for exempt transactions involving state and local government entities or the federal government when repurchase is contemplated.
• grant Alabama Forestry Commission authority to conduct real property sales under this article without going through the Lands Division, while ensuring compliance with the article’s other provisions.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

State Property