Property: conveyance of state property; transfer of certain state-owned property in Arenac County; provide for. Creates land transfer act.

This bill authorizes the Michigan Department of Technology, Management, and Budget to sell or transfer two specific state-owned parcels of land in Arenac County. It establishes rules for determining fair market value and allows the property to be sold to the public, offered to local governments, or transferred to other state agencies under certain conditions. A key provision requires that if the land is sold to a local government for less than its full market value, the buyer must agree to use it exclusively for public purposes such as parks, education, or law enforcement. The legislation also mandates that any money earned from the sale must first cover the costs of the transaction before any remaining revenue goes to the state.