HOUSE BILL No. 5716


     February 21, 2002, Introduced by Rep. Jacobs and referred to the Committee on House Oversight and Operations.


        A bill to amend 1941 PA 230, entitled

   "An act to authorize the auditor general of the state of Michigan
   to sell or lease real estate, the title to which is vested in the
   state of Michigan by grant, devise or gift, or in payment for
   care or medical treatment rendered in any Michigan state hospital
   or institution,"

   by amending the title and sections 1, 2, 3, and 4 (MCL 322.1,

   322.2, 322.3, and 322.4).

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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                                      TITLE

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             An act to authorize the  auditor general of the state of

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        Michigan  STATE TREASURER to sell or lease CERTAIN real estate;

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         , the title to which is vested in the state of Michigan by

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        grant, devise or gift, or in payment for care or medical treat-

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        ment rendered in any Michigan state hospital or institution  AND

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        TO PRESCRIBE CERTAIN REQUIREMENTS FOR THAT SALE OR LEASE.




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             Sec. 1.  Whenever the title to any real estate has vested in

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         the  THIS state  of Michigan  by grant, devise or gift, or in

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        payment for care or medical treatment rendered in any  Michigan

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        state hospital or institution,  such  THE real estate or any part

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        thereof may be sold or leased by the  auditor general of this

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        state,  STATE TREASURER with the approval of the state adminis-

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        trative board.

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             Sec. 2.  The  auditor general  STATE TREASURER shall cause

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         such  real estate DESCRIBED IN SECTION 1 to be appraised by 2

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        disinterested and qualified appraisers  ,  WHO ARE residents of

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        the county in which  such  THE real estate is located, and then

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         he  shall SOLICIT AND receive bids on the  same and it  REAL

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        ESTATE.  THE REAL ESTATE shall be sold to the highest bidder but

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        in no case at less than the appraised value.  :  Provided, That

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        the same  HOWEVER, THE REAL ESTATE shall not be sold until adver-

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        tisement offering  said  THE property for sale  shall have  HAS

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        been published at least 3 successive weeks  prior to said  BEFORE

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        THE sale in  some  A newspaper printed and circulated in the

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        county in which the real estate is situated.  If there  be  IS no

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        newspaper printed and circulated in the county where  such  THE

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        real estate is situated, then  and in that case said  THE notice

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        shall be published in a newspaper printed and circulated nearest

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        to  where such real estate is situated  THE SITE OF THE REAL

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        ESTATE.

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             Sec. 3.   On such  UPON sale OF REAL ESTATE UNDER THIS ACT,

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        the  auditor general  STATE TREASURER may give such length of

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        credit, not to exceed 5 years, and for not more than 3/4 of the



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        purchase money, as  he shall deem  THE STATE TREASURER CONSIDERS

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        best calculated to produce the highest price, and shall require

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        the money for which credit is given to be secured by a mortgage

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        on the real estate sold.

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             Sec. 4.  An affidavit of the publisher of the notice of sale

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        REQUIRED UNDER SECTION 2 shall be attached to the deed  of the

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        auditor general  conveying  such  real estate UNDER THIS ACT,

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        together with a copy of  such  THE notice of sale, showing the

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        dates of publication of  such  THE notice.  A copy of the resolu-

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        tion of the state administrative board approving  such  THE sale,

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        certified by the secretary of  such  THE STATE ADMINISTRATIVE

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        board, shall also be attached to  such  THE deed of conveyance.

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        The conveyance of  such  THE property shall be by quitclaim deed,

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        executed by the  auditor general of the state of Michigan  STATE

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        TREASURER for and on behalf of the people of  the  THIS state.

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         of Michigan.

























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