Plain English Breakdown
The bill summary and digest do not specify what happens if the exchange does not meet the required conditions.
Property Exchange for Tensas Parish Schools
This act allows the Tensas Parish School Board to sell or exchange school lands if they determine it is best for the schools, requiring an appraisal and reserving mineral rights for the state.
What This Bill Does
- Allows the Tensas Parish School Board to sell or exchange school lands if they decide it is no longer needed for school purposes and would serve the best interest of the parish's school system.
- Requires that any land being sold or exchanged must be appraised by a certified, licensed appraiser.
- Ensures that when exchanging land, the total consideration received by the Tensas Parish School Board, including the value of land received, shall be of equal or greater value than the land given up.
- Requires the Tensas Parish School Board to reserve all mineral rights and interests for the state as required by law.
Who It Names or Affects
- The Tensas Parish School Board
- People who own property in Tensas Parish
Terms To Know
- Appraisal
- An official estimate of a property's value.
- Mineral rights
- The legal right to extract and sell minerals from land.
Limits and Unknowns
- Does not specify what happens if the exchange does not meet the required conditions.
- Does not provide details on how mineral rights will be managed or transferred.