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

This bill authorizes the Michigan State Administrative Board to transfer a specific 0.29-acre parcel of surplus state-owned land in Eaton County to the Michigan Police Equipment Company. The transfer is designed to resolve a minor encroachment issue where the company's buildings slightly overlap with state property. The legislation mandates that the company pay at least the fair market value of the land plus the state's reasonable costs to complete the sale, and it requires that any future oil or gas revenue generated from the property be split equally between the company and the state. Additionally, the bill ensures that all permanent improvements on the land are included in the transfer while reserving the state's right to access and remove any aboriginal antiquities found on the site.