72-5-111 - Disposal of real property. - Utah Statutes

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Statutes > Utah > Title-72 > Chapter-05 > 72-5-111

72-5-111. Disposal of real property.
(1) (a) If the department determines that any real property or interest in real property,acquired for a highway purpose, is no longer necessary for the purpose, the department maylease, sell, exchange, or otherwise dispose of the real property or interest in the real property.
(b) (i) Real property may be sold at private or public sale.
(ii) Except as provided in Subsection (1)(c) related to exchanges, proceeds of any saleshall be deposited with the state treasurer and credited to the Transportation Fund.
(c) If approved by the commission, real property or an interest in real property may beexchanged by the department for other real property or interest in real property, includingimprovements, for highway purposes.
(2) (a) In the disposition of real property at any private sale, first consideration shall begiven to the original grantor or the original grantor's heirs.
(b) Notwithstanding the provisions of Section 78B-6-521, if no portion of a parcel of realproperty acquired by the department is used for transportation purposes, then the original grantoror the grantor's heirs shall be given the opportunity to repurchase the parcel of real property at thedepartment's original purchase price from the grantor.
(c) In accordance with Section 72-5-404, this Subsection (2) does not apply to propertyrights acquired in proposed transportation corridors using funds from the Transportation CorridorPreservation Revolving Loan Fund created in Section 72-2-117.
(3) (a) Any sale, exchange, or disposal of real property or interest in real property madeby the department under this section, is exempt from the mineral reservation provisions of Title65A, Chapter 6, Mineral Leases.
(b) Any deed made and delivered by the department under this section without specificreservations in the deed is a conveyance of all the state's right, title, and interest in the realproperty or interest in the real property.

Amended by Chapter 3, 2008 General Session

State Codes and Statutes

Statutes > Utah > Title-72 > Chapter-05 > 72-5-111

72-5-111. Disposal of real property.
(1) (a) If the department determines that any real property or interest in real property,acquired for a highway purpose, is no longer necessary for the purpose, the department maylease, sell, exchange, or otherwise dispose of the real property or interest in the real property.
(b) (i) Real property may be sold at private or public sale.
(ii) Except as provided in Subsection (1)(c) related to exchanges, proceeds of any saleshall be deposited with the state treasurer and credited to the Transportation Fund.
(c) If approved by the commission, real property or an interest in real property may beexchanged by the department for other real property or interest in real property, includingimprovements, for highway purposes.
(2) (a) In the disposition of real property at any private sale, first consideration shall begiven to the original grantor or the original grantor's heirs.
(b) Notwithstanding the provisions of Section 78B-6-521, if no portion of a parcel of realproperty acquired by the department is used for transportation purposes, then the original grantoror the grantor's heirs shall be given the opportunity to repurchase the parcel of real property at thedepartment's original purchase price from the grantor.
(c) In accordance with Section 72-5-404, this Subsection (2) does not apply to propertyrights acquired in proposed transportation corridors using funds from the Transportation CorridorPreservation Revolving Loan Fund created in Section 72-2-117.
(3) (a) Any sale, exchange, or disposal of real property or interest in real property madeby the department under this section, is exempt from the mineral reservation provisions of Title65A, Chapter 6, Mineral Leases.
(b) Any deed made and delivered by the department under this section without specificreservations in the deed is a conveyance of all the state's right, title, and interest in the realproperty or interest in the real property.

Amended by Chapter 3, 2008 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-72 > Chapter-05 > 72-5-111

72-5-111. Disposal of real property.
(1) (a) If the department determines that any real property or interest in real property,acquired for a highway purpose, is no longer necessary for the purpose, the department maylease, sell, exchange, or otherwise dispose of the real property or interest in the real property.
(b) (i) Real property may be sold at private or public sale.
(ii) Except as provided in Subsection (1)(c) related to exchanges, proceeds of any saleshall be deposited with the state treasurer and credited to the Transportation Fund.
(c) If approved by the commission, real property or an interest in real property may beexchanged by the department for other real property or interest in real property, includingimprovements, for highway purposes.
(2) (a) In the disposition of real property at any private sale, first consideration shall begiven to the original grantor or the original grantor's heirs.
(b) Notwithstanding the provisions of Section 78B-6-521, if no portion of a parcel of realproperty acquired by the department is used for transportation purposes, then the original grantoror the grantor's heirs shall be given the opportunity to repurchase the parcel of real property at thedepartment's original purchase price from the grantor.
(c) In accordance with Section 72-5-404, this Subsection (2) does not apply to propertyrights acquired in proposed transportation corridors using funds from the Transportation CorridorPreservation Revolving Loan Fund created in Section 72-2-117.
(3) (a) Any sale, exchange, or disposal of real property or interest in real property madeby the department under this section, is exempt from the mineral reservation provisions of Title65A, Chapter 6, Mineral Leases.
(b) Any deed made and delivered by the department under this section without specificreservations in the deed is a conveyance of all the state's right, title, and interest in the realproperty or interest in the real property.

Amended by Chapter 3, 2008 General Session