Oklahoma § 61-325 - Inventory and appraisal - Sale

§ 61-325. Inventory and appraisal - Sale

The Office of Management and Enterprise Services shall make or

cause to be made a full and complete inventory and appraisal of the

property described in Section 324 of this title. Except for lands

owned by the Department of Transportation, the Office may offer for

sale to the highest bidder at public sale all of the lots, blocks,

or acreage tracts of "Capitol Building Lands" that are not used by

the state and which, in the judgment of the Office, will not be

required for future use by the state. The property shall be offered

for sale in separate lots or tracts, for cash, to the highest

bidder. The sale shall be at public auction or under sealed bids

whichever the Office may determine to be most advantageous. The

sale shall be advertised in a newspaper of general circulation in

Oklahoma County, Oklahoma, for not less than thirty (30) days prior

to the date of sale. The notice shall contain an accurate

description of all the property to be sold and terms and conditions

of the sale.

The lands so offered for sale shall be subject to a reservation

by this state in one-half (1/2) of all the mineral rights therein.

If royalties are not paid to the state from any of the above-

Oklahoma Statutes - Title 61. Public Buildings and Public Works

described lots or tracts of land, the sale of such properties shall

be made subject to a reservation by this state of all of the mineral

rights therein under the lots or tracts. The Office of Management

and Enterprise Services shall reserve the right to refuse any and

all bids for the property. No sale of any portion of the land shall

be confirmed at a price less than ninety percent (90%) of the

appraised value. All sales shall be approved by the Governor.

Added by Laws 1947, p. 589, § 2, emerg. eff. May 16, 1947. Amended

by Laws 1983, c. 304, § 140, eff. July 1, 1983; Laws 2012, c. 304, §

816; Laws 2013, c. 209, § 6, eff. July 1, 2013. Renumbered from §

128.2 of Title 74 by Laws 2013, c. 209, § 37, eff. July 1, 2013.

Amended by Laws 2014, c. 286, § 5, eff. Nov. 1, 2014.