63A-5b-304. Agencies authorized to hold title -- Transfer of real property to a government entity.
(1) As used in this section: "Agency property" means real property, as described in Subsection, that: (2) is owned by a title agency; and the title agency no longer uses or needs. "Government entity" means: a local government entity, as defined in Section; or 63A-5b-901 a state agency, as defined in Section. 63A-5b-901 "Title agency" means an agency listed in Subsection. (2)
(2) Notwithstanding Section, an agency may hold title to real property that the agency occupies for a purpose other than the agency's administrative offices, if the agency is: 63A-5b-303 the Department of Transportation; the Department of Natural Resources; the Department of Workforce Services; the Division of Forestry, Fire, and State Lands; the Utah National Guard; an area vocational center or other institution administered by the State Board of Education; the trust lands administration; or an institution of higher education.
(3) A title agency is not required to obtain an appraisal of agency property the title agency intends to transfer to a government entity if: the director of the title agency determines that the transfer is in the best interest of the title agency and the state; and the government entity to which ownership of the agency property is transferred will use the property for a public purpose.
(4) Subsectiondoes not apply if the title agency is required by law to receive fair market value in exchange for a transfer of agency property to a government entity. (3)