Section 4-403 - Sale and exchange of areas of water or land.
§ 4-403. Sale and exchange of areas of water or land.
(a) Exchange for privately owned area or sale for highest price.- If the Department considers it in the State's best interest and the Governor consents, it may exchange any area of water or land or part it owns, together with any improvement on it, for any privately owned area of water or land equal to or greater in value than the area of water or land the Department exchanges and adapts for fish refuge and management. Also, the Department may sell any area of water or land or part it owns to the person who offers the highest price.
(b) Use as State park.- The Department may use the acquired area of water or land as a State park.
(c) Deeds; disposition of proceeds.- The Attorney General shall prepare any deed necessary to complete the exchange or sale of the area of water or land. The Secretary shall execute the deed. The proceeds of any sale shall be deposited with the State Comptroller and placed to the credit of the State Fisheries Management and Protection Fund.
[An. Code 1957, art. 66C, § 189; 1973, 1st Sp. Sess., ch. 4, § 1; 1974, ch. 370.]