§ 12. Land exchanges; purposes; notice; hearings; submission to the voters

Currency:As amended through November 6, 2018

A. The legislature shall provide a process by law for exchanging lands granted or confirmed by the enabling act for public lands in this state under the terms and conditions prescribed by this section.

B. The purpose of the exchange must be either:

1. To assist in preserving and protecting military facilities in this state from encroaching development.

2. To improve the management of state lands for the purpose of sale or lease or conversion to public use of state lands.

C. Before the public hearings are held pursuant to subsection D, paragraph 3 of this section:

1. At least two independent appraisals must be made available to the public showing that the true value of any lands the state receives in the exchange equals or exceeds the true value of the lands the state conveys.

2. At least two independent analyses of the proposed exchange must be made available to the public showing:

(a) The income to the trust before the exchange from all lands the state conveys and the projected income to the trust after the exchange from all lands the state receives.

(b) The fiscal impact of the exchange on each county, city, town and school district in which all the lands involved in the exchange are located.

(c) The physical, economic and natural resource impacts of the proposed exchange on the surrounding or directly adjacent local community and the impacts on local land uses and land use plans.

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