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HB 4702

Property: conveyance of state property; transfer of certain state-owned property in Sanilac County; provide for. Creates land transfer act.

2025-2026 Regular Session Introduced by Greg Alexander

The bill creates a land transfer framework authorizing the state to convey a Sanilac County parcel to local governments or other entities under public-use and FMV conditions, with

referred to second reading
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Bill Summary · HB 4702

Summary of HB 4702 (Michigan) – Property: conveyance of state property; transfer of certain state-owned property in Sanilac County; provide for. Creates land transfer act.

Overview

HB 4702 authorizes the State Administrative Board to convey or transfer a specific parcel of state-owned property in the Village of Peck, Sanilac County. The bill establishes procedures, valuation standards, and public-use conditions to govern conveyances to local governments or other entities, with a framework for handling proceeds and future reacquisition considerations. It also creates a process aligned with a new “land transfer” framework, including potential transfer to the state land bank authority.

Key Definitions (Section 1)

  • Fair market value: The highest estimated price on the open market, with reasonable time for a purchaser to bid, given known uses of the property.
  • Net revenue: Proceeds from the sale minus costs to the state (including administrative, environmental remediation, legal, and litigation costs).
  • Public use: Actual use by the public or a unit of local government for purposes such as general government, correctional facilities, law enforcement, emergency management, education, transportation, parks, public health, or wildlife conservation. Excludes for-profit or publicly inaccessible uses.
  • Unit of local government: A local government entity such as a township, village, county, school district, ISD, or community college district where the property is located.

Property Subject to Conveyance (Section 2)

  • The parcel is located in the Village of Peck, Sanilac County, described by metes-and-bounds in the bill (with a note that the description is approximate and adjustable for conveyance purposes).

Purchase Rights and Priority (Section 3)

  • The Village of Peck has the first right to purchase the property for two years after the act’s effective date, at fair market value.

Conveyance Methods and Conditions (Section 4)

The Department of Technology, Management, and Budget (DTMB) may convey or transfer the property by:
- (a) Competitive bidding
- (b) Public auction
- (c) Real estate brokerage
- (d) Value-for-value conveyance (considering best value to the state, including FMV and economic benefits like job creation or investment)
- (e) Selling to a unit of local government other than Peck
- (f) Selling to a unit of local government for less than FMV to Peck or other units, under conditions:
- Notifications to units; first offer determines priority
- If an offer is accepted, purchase agreement within 60 days; conveyance within 180 days (extensions possible)
- Property must be used exclusively for public use; public-use restrictions must be in the deed
- If the local government intends to convey the property within 30 years, it must first offer reacquisition to the state (with a 120-day window). If state declines, public-use restrictions stay in effect
- (g) Transfer to the state land bank authority (as established under the Land Bank Fast Track Act)

Valuation (Section 5)

  • For sales under Sections 3 or 4, FMV must be determined by the DTMB director or designee, based on an appraisal.

Revenue Disposition

  • Net revenues from conveyances are defined to include all costs and may be used according to the state’s budgeting framework. Specific disposition mechanisms are aligned with the bill’s revenue provisions.

Timeline and Procedural Context

  • Introduced: March 12, 2025; Referred to Appropriations; First-reading date: June 26, 2025.
  • Companion: SB 521 (Senate).

Who Is Affected

  • State departments (notably DTMB) and the State Administrative Board.
  • The Village of Peck and other local government units.
  • Potential buyers or lessees, including private bidders and the state land bank authority.
  • taxpayers, through the treatment of net revenue and public-use restrictions.

Related Information

  • The bill is accompanied by a companion in the Senate (SB 521).
  • Status notes indicate active referral to Appropriations and ongoing committee consideration.

If you’d like, I can tailor this summary to focus on fiscal impact estimates, potential local government implications, or compare it with SB 521’s provisions.

Compiled from official sources — confirm details with the bill’s official record.

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