Sale of surplus real property by state agency to qualifying entity for pre-entitlement appraised value -- Deferred payment.

Utah Code § 63A-2-412, under Part 63A-2-4: Surplus Property Service.

Utah Code § 63A-2-412

63A-2-412. Sale of surplus real property by state agency to qualifying entity for pre-entitlement appraised value -- Deferred payment.

(1) As used in this section, "qualifying entity" means a state agency or an independent entity, as defined in Section, that administers public interests in housing. 63E-1-102

(2) A state agency may provide for the sale of the state's surplus real property to a qualifying entity for a pre-entitlement appraised value, payment of which may be deferred, as determined by the state agency and subject to state and federal law.