Modifying authority of certain higher education entities to sell and transfer property

This bill modifies rules for West Virginia's higher education institutions (including the Higher Education Policy Commission, community colleges, and university governing boards) regarding the sale or transfer of real property. It requires these entities to obtain two independent property appraisals (with sales not below the average), provide public notice via legal advertisement, hold local hearings, and notify county commissions and legislators for sales over $50,000 or leases exceeding $150,000 annually. The bill also prohibits selling property purchased with public funds without these steps and mandates that all sale proceeds be deposited into a dedicated state treasury account for the selling entity. These changes aim to increase transparency and oversight for property transactions involving public assets.