State Codes and Statutes

Statutes > New-york > Pbl > Article-3 > 40

§ 40. Exchange  of  unappropriated  state lands.   The commissioner of  general services may, from time to time, exchange a part or all  of  any  parcel  or  parcels  of  unappropriated  state  lands  for real property  required by or of benefit to the state of New York and in which title is  held by the United States of America or a  city,  incorporated  village,  town  or  county  when  the  combined value of such unappropriated state  lands and required real property does not exceed five  hundred  thousand  dollars.  An  appraisal of the value of the real property to be acquired  by the state and of the property to be conveyed by the  state  shall  be  completed  by  a  qualified  professional  real estate appraiser. If the  value of either property is in excess of one hundred  thousand  dollars,  two appraisals of that property shall be required prior to the exchange.  The  terms  and  conditions  of  such  exchange,  including any monetary  consideration to  be  paid  to  equalize  the  value  of  such  exchange  properties,  shall  be  subject  to  the  prior  approval  of  the state  comptroller. The attorney general shall approve the title to  the  lands  to be thus acquired by the state.

State Codes and Statutes

Statutes > New-york > Pbl > Article-3 > 40

§ 40. Exchange  of  unappropriated  state lands.   The commissioner of  general services may, from time to time, exchange a part or all  of  any  parcel  or  parcels  of  unappropriated  state  lands  for real property  required by or of benefit to the state of New York and in which title is  held by the United States of America or a  city,  incorporated  village,  town  or  county  when  the  combined value of such unappropriated state  lands and required real property does not exceed five  hundred  thousand  dollars.  An  appraisal of the value of the real property to be acquired  by the state and of the property to be conveyed by the  state  shall  be  completed  by  a  qualified  professional  real estate appraiser. If the  value of either property is in excess of one hundred  thousand  dollars,  two appraisals of that property shall be required prior to the exchange.  The  terms  and  conditions  of  such  exchange,  including any monetary  consideration to  be  paid  to  equalize  the  value  of  such  exchange  properties,  shall  be  subject  to  the  prior  approval  of  the state  comptroller. The attorney general shall approve the title to  the  lands  to be thus acquired by the state.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pbl > Article-3 > 40

§ 40. Exchange  of  unappropriated  state lands.   The commissioner of  general services may, from time to time, exchange a part or all  of  any  parcel  or  parcels  of  unappropriated  state  lands  for real property  required by or of benefit to the state of New York and in which title is  held by the United States of America or a  city,  incorporated  village,  town  or  county  when  the  combined value of such unappropriated state  lands and required real property does not exceed five  hundred  thousand  dollars.  An  appraisal of the value of the real property to be acquired  by the state and of the property to be conveyed by the  state  shall  be  completed  by  a  qualified  professional  real estate appraiser. If the  value of either property is in excess of one hundred  thousand  dollars,  two appraisals of that property shall be required prior to the exchange.  The  terms  and  conditions  of  such  exchange,  including any monetary  consideration to  be  paid  to  equalize  the  value  of  such  exchange  properties,  shall  be  subject  to  the  prior  approval  of  the state  comptroller. The attorney general shall approve the title to  the  lands  to be thus acquired by the state.