Washington § 79.11.340 - Sale of acquired lands.

(1) Except as provided in RCW 79.10.030(2), the department shall manage and control all lands acquired by the state by escheat, deed of sale, gift, devise, or under RCW 79.19.010 through 79.19.110, except such lands that are conveyed or devised to the state for a particular purpose.

(2) Except as provided in RCW 79.19.030(4), when the department determines to sell or transfer the lands, they may, with approval of the board of natural resources:

(a) Initially be offered for sale either at public auction;

(b) Offer the lands for direct transfer to public agencies as provided in RCW 79.17.200 or this chapter; and

(c) With approval of the board, market and sell the lands at auction through persons licensed under chapter 18.85 RCW or through other commercially feasible means at a price not lower than the land's appraised value.

(3) The lands to be sold or transferred under subsection (2) of this section shall be sold or transferred only after appraisal and for at least fair market value, and only if such transaction is in the best interest of the state or affected trust.

(4) Necessary marketing costs may be paid from the sale proceeds. For the purpose of this subsection, necessary marketing costs include reasonable costs associated with advertising the property and paying commissions.

(5) Proceeds of the sale shall be deposited into the appropriate fund in the state treasury unless the grantor in any deed or the testator in case of a devise specifies that the proceeds of the sale be devoted to a particular purpose.

Findings—2023 c 383: See note following RCW 79.17.300.

Intent—2003 c 334: See note following RCW 79.02.010.