The Tennessee historical commission shall enter into good faith negotiations for the purchase and transfer of a tract of land in the second ward of the city of Columbia, located on the corner of West Seventh Street and South High Street, known as the James K. Polk Home, originally conveyed to this state by George L. Reynolds and Bessie F. Reynolds by deed dated January 8, 1929, recorded in the registrar's office of Maury County, Tennessee, book 177, page 71, and subsequently conveyed in trust to the James K. Polk Memorial Association for its general welfare and maintenance, such trust now being terminated by the general assembly in accordance with § 4-13-204, as that section existed on June 30, 2026.