LAC 43:XXVII.3102. Best Use or Disposition of Property

A. Upon the transfer of nonessential property to the State Land Office, they shall prepare a land management evaluation report setting forth recommendations for the best use or other disposition of the property. B. The use which is possible physically, feasible financially, and permissible legally shall be considered the best use implementable by the State Land Office. Sale, transfer, lease or management of the property are examples of best use. C. The land management evaluation report and recommendations prepared by the State Land Office shall contain the following: 1. copy of transfer to the State Land Office; 2. property appraisal prepared by or reviewed by the public lands appraiser; 3. provision for a minimum acceptable bid, which shall be 90 percent of the appraisal in §3102.C.2 above; 4. timber appraisal if applicable; 5. map of the property; 6. complete legal description of the property; 7. recommendations for best use or disposition of property; 8. method of sale, if applicable, and reasons therefore; 9. blank approval letter, to be completed by the House and Senate Natural Resources Committees and returned to the State Land Office. D. Within 10 days of completion, the land management evaluation report shall be filed with the Division of Administration, the House and Senate Natural Resources Committees and the representative and senator in whose district the property is located. E. In order to initiate implementation of its recommendation for best use or other disposition of the property, the State Land Office must receive the written approval of both House and Senate Natural Resources Committees not more than 90 days following receipt of the recommendation by the committees.