§5A-11-1. Public Land Corporation

(a) The Public Land Corporation, heretofore created and established as a unit of the Division of Natural Resources, is hereby continued and established as a unit of the Real Estate Division of the Department of Administration. (b) The corporation is a public benefit corporation and an instrumentality of the state and may sue or be […]

§5A-11-2. Corporation Boards of Directors, Members, Expenses, Appointment, Terms, Qualifications; Director as Board Chairman; Meetings, Quorum; Executive Secretary, Secretary to Board; Professional and Support Staff; Execution of Legal Documents, Permits and Licenses

(a) The Public Land Corporation is governed by a board of directors comprised of six members of which four shall be ex officio and two shall be appointed by the Governor. The members of the board shall receive no compensation for their service thereon. The board members who are not ex officio shall be reimbursed […]

§5A-11-3. Public Land Corporation, Powers and Duties

(a) The corporation is hereby authorized and empowered to: (1) Acquire from any persons or the State Auditor or any local, state or federal agency, by purchase, lease or other agreement, any lands necessary and required for public use;

§5A-11-4. Public Land Corporation to Conduct Sales of Public Lands by Competitive Bidding, Modified Competitive Bidding or Direct Sale

(a) Sales, exchanges or transfers of public lands under this article shall be conducted under competitive bidding procedures. However, where the secretary or executive director determines it necessary and proper in order to assure the following public policies, including, but not limited to, a preference to users, lands may be sold by modified competitive bidding […]

§5A-11-5. Public Land Corporation to Hold Public Hearing Before Sale, Lease, Exchange or Transfer of Land or Minerals

(a) Prior to any final decision of any state agency to sell, lease as a lessor, exchange or transfer land or minerals title to which is vested in the Public Land Corporation pursuant to this article, the Public Land Corporation shall: (1) Prepare and reduce to writing the reasons and supporting data regarding the sale, […]

§5A-11-6. Competitive Bidding and Notice Requirements Before the Development or Extraction of Minerals on Certain Lands; Related Standards

(a) The corporation may enter into a lease or contract for the development of minerals, including, but not limited to, coal, gas, oil, sand or gravel on or under lands in which the corporation holds any right, title or interest: Provided, That no lease or contract may be entered into for the extraction and removal […]

§5A-11-7. Effectuation of Transfer of Public Land Corporation and Transition

To effectuate the transfer of the Public Land Corporation to Real Estate Division of the Department of Administration upon the effective date of this section in the year 2007: (1) Subject to the provisions of section one-d of this article, the Secretary of the Department of Administration or a designee and the Secretary of the […]