Plain English Breakdown
The bill did not pass and was never considered for introduction, which limits its applicability.
School Building Acquisition Act
This act allows certain state agencies to help Natrona County School District Number One in Casper, Wyoming acquire a building for educational purposes and exempts the sale from fair market value requirements.
What This Bill Does
- Requires four state agencies to assist Natrona County School District Number One with acquiring a facility located in Casper, Wyoming for educational use.
- Exempts the property transfer from the requirement of selling at fair market value if it is valued at $15,000 or more.
- Requires the state construction department and state building commission to report on their assistance by September 1, 2023.
Who It Names or Affects
- Natrona County School District Number One
- State agencies including the school facilities commission, state construction department, department of administration and information, and state building commission
Terms To Know
- fair market value
- The price at which a property would sell in an open market between informed parties who are not related to each other.
Limits and Unknowns
- This bill did not pass and was never considered for introduction.
- It is unclear what specific funds will be used for the acquisition.