Process to change the owner/use of state bond-financed property:

Change in circumstances:State agencies determine the property is no

longer state bond-financed property.

MN Education Department (MDE)

determines property is no longer needed for its

intended purpose.

MDE sells property at fair market value.

Property and improvements are older

than 125% of the estimated useful life.

MDE, MMB, and AG remove designation.

(title issue)

Change in law:Legislature authorizes a change in

owner or use with 3/5 vote in each house and a bill that originates in the House.