AN ACT relating to real property.

Amend KRS 45A.045, relating to the disposal of state property, to require the Finance and Administration Cabinet to determine that there is no need of a state agency or ownership interest of local government before disposal of state-owned real property; require the state agency disposing of real property to provide maintenance and security of real property until completion of disposal; establish authority for the Finance and Administration Cabinet to utilize other methods to dispose of real property when there are no responsive bids received; establish a process for a local government to notify the state of its interest in using abandoned or underutilized state-owned real property; amend KRS 56.463 to require a state agency disposing of real property to provide maintenance and security of surplus real property until completion of disposal; amend various other sections to conform.