An Act To Provide The Right Of First Refusal To Towns In Which The University Of Maine System And Similar Quasi-Independent State Entities Are Selling Property

This bill gives Maine towns the right to purchase property owned by the University of Maine System or similar quasi-independent state entities before it's sold to others. If such a property is located within a town's boundaries, the state entity must first get an independent appraisal of its market value and notify the town in writing. The town then has 30 days to formally request the purchase and must complete the transaction within three months. This directly affects towns seeking to acquire land owned by state entities and requires those entities to follow specific notification and appraisal steps before selling.