Acquisition, exchange and sale of trust lands.

2017
STATE OF WYOMING
17LSO-0656
Introduced
1.2

SENATE FILE

NO.

SF0161

Acquisition, exchange and sale of trust lands.

Sponsored by:
Senator(s) Hicks

A BILL

for

AN ACT relating to state lands; providing for the acquisition, exchange or sale of trust lands as specified; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section
1
.

W.S. 36
‑
2
‑
111 is created to read:

36
‑
2
‑
111
.

Acquisition, exchange and sale of trust lands.

(a)

T
he board is authorized to acquire, exchange or sell a fee title interest in trust lands provided that no
acquisition or exchange, except an acquisition or exchange with the federal government or any federal agency, shall result in a net increase of trust lands greater than ten thousand (10,000) acres above the total trust land acreage held by the state on July 1, 1999.

(b)

Notwithstanding subsection (a) of this section, the board may acquire a fee title interest in trust lands through a single transaction that results in a net increase of trust lands over the limit specified in subsection (a) of this section, provided that sales or exchanges shall be conducted within twenty
‑
four (24) months of the acquisition in order to bring the total trust land acreage within the limits specified in subsection (a) of this section.

(
c
)

To the extent possible, the board shall strive to balance the acquisition, exchange and sale of trust lands to maintain
t
he total amount of trust land acreage
and the proportion of trust land acreage between each county
at
the
levels held
by the state on July 1, 1999
.

Section
2.

This act is effective July 1, 2017
.

(END)

1
SF0161