Relating to the transfer of a political subdivision's real property; and declaring an emergency.

Allows political subdivision to convey real property to nonprofit, municipal or private corporation for purpose of providing broadband service. Requires instrument conveying real property to authorize reversion of property to political subdivision if property is not used to provide broadband service. Allows political subdivision to relinquish reversionary interest in real property after less than 20 years to further public interest. Declares emergency, effective on passage.