53G-4-901. Definitions.
As used in this part:
(1) "Eligible entity" means: a city or town with a population density of 3,000 or more people per square mile; or a county whose unincorporated area includes a qualifying planning advisory area.
(2) "Purchase price" means the greater of: an amount that is the average of: the appraised value of the surplus property, based on the predominant zone in the surrounding area, as indicated in an appraisal obtained by the eligible entity; and the appraised value of the surplus property, based on the predominant zone in the surrounding area, as indicated in an appraisal obtained by the school district; and the amount the school district paid to acquire the surplus property.
(3) "Qualifying planning advisory area" means a planning advisory area under Sectionthat has a population density of 3,000 or more people per square mile within the boundaries of the planning advisory area. 17-79-303
(4) "Surplus property" means land owned by a school district that: was purchased with taxpayer money; is located within a city or town that is an eligible entity or within a qualifying planning advisory area; consists of one contiguous tract at least three acres in size; and has been declared by the school district to be surplus.