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Senate Counsel, Research
and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 2175 - Real Property Acquisition by State Agencies Regulations
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Author:
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Senator Terri E. Bonoff
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Prepared By:
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Stephanie James, Senate Counsel (651/296-0103)
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Date:
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March 10, 2014
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Section 1 [Acquisition of Real Property] limits the amount that a state agency can pay to acquire real property to no more than ten percent above an appraised value, as determined by an appraiser who meets certain criteria and makes an oath. This section requires that the sum of the amounts paid over appraised value must not be more than the sum of the amounts paid under appraised value. This section applies to the Board of Trustees of MNSCU, as well as other state agencies.
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Check on the status of this bill
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Last review or update: 03/10/2014
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