state trust land; land exchanges

SCR 1006 proposes amending Arizona's constitution to establish strict requirements for exchanging state trust lands (held for public schools and institutions) with other lands. It mandates two independent appraisals confirming fair value, economic impact studies for local governments, and public hearings with six weeks' notice before any exchange can occur. The bill allows exchanges only to protect military facilities or improve state land management for sale, lease, or public use. This constitutional amendment failed to pass in the legislature (as noted in recent actions) and would have required voter approval via referendum at the next general election.