West Virginia Code 5A-10-10 – Real property review
(a) At least once every four years, the Real Estate Division shall review the inventory of real property for each state spending unit submitted pursuant to this article to verify the accuracy of the inventory records.
Terms Used In West Virginia Code 5A-10-10
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- real property: include lands, tenements and hereditaments, all rights thereto and interests therein, except chattel interests. See West Virginia Code 2-2-10
- State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
(b) Based on the review of the inventory of real property, the Real Estate Division shall:
(1) Identify any real property owned or leased by the state that is not being used or that is being substantially underused;
(2) Make recommendations to the Governor and the Secretary of the Department of Administration regarding the use of real property, which shall include:
(A) An analysis of the highest and best use to which the real property may legally be placed; and
(B) An analysis of alternative uses of the real property addressing the potential for any other transaction or use that the Real Estate Division determines to be in the best interest of the state; and
(3) Submit to the Governor and the Secretary of the Department of Administration any information pertinent to the evaluation of a potential transaction involving the real property, including:
(A) An evaluation of any proposals received from private parties that would be of significant benefit to the state; and
(B) The market value of such real property.