76.01.080 - Lacey compound -- Light industrial facilities/land -- Sale or exchange.

Lacey compound — Light industrial facilities/land — Sale or exchange.

Except as provided in RCW 76.01.090, the department of natural resources may sell or exchange the light industrial facilities and land in Thurston county, known as the Lacey compound, which was acquired as an administrative site. This land and the facilities may be sold or exchanged for other lands and facilities in Thurston county, or counties adjacent to Thurston county, for use as an administrative site. The property may be exchanged for public or private property. The department is authorized to accept cash or expend cash from appropriated funds in order to balance a proposed exchange. Alternatively, the department may sell the Lacey compound at public auction or under *RCW 79.01.009. The sale or exchange must be for at least market value. Transactions involving the construction of improvements must be conducted pursuant to Title 39 RCW, as applicable, and must comply with all other applicable laws and rules. Proceeds received from the sale or exchange of the Lacey compound must be deposited into the park land trust revolving fund to be used to acquire a replacement administrative site. Funds received from the exchange or sale that are not used to either replace or construct, or both, the administrative site must be deposited pursuant to **RCW 76.01.030 or into the appropriate trust account as determined by the department.

[2001 c 189 § 1.]

Notes: Reviser's note: *(1) RCW 79.01.009 was recodified as RCW 79.17.200 pursuant to 2003 c 334 § 560.

     **(2) RCW 76.01.030 was repealed by 2003 c 334 § 235.