§5A-10-10. Real property review

Published: 2015

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WVC 5 A- 10 - 10

§5A-10-10. Real property review.

(a) At least once every four years, the Real Estate Division

shall review the inventory of real property for each state spending

unit submitted pursuant to this article to verify the accuracy of

the inventory records.

(b) Based on the review of the inventory of real property, the

Real Estate Division shall:

(1) Identify any real property owned or leased by the state

that is not being used or that is being substantially underused;

(2) Make recommendations to the Governor and the Secretary of

the Department of Administration regarding the use of real

property, which shall include:

(A) An analysis of the highest and best use to which the real

property may legally be placed; and

(B) An analysis of alternative uses of the real property

addressing the potential for any other transaction or use that the

Real Estate Division determines to be in the best interest of the

state; and

(3) Submit to the Governor and the Secretary of the Department

of Administration any information pertinent to the evaluation of a

potential transaction involving the real property, including:

(A) An evaluation of any proposals received from private

parties that would be of significant benefit to the state; and

(B) The market value of such real property.

Note: WV Code updated with legislation passed through the 2015 Regular Session

The WV Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.