Property: conveyance of state property; transfer of certain state-owned property in Eaton County; provide for. Creates land transfer act.

HB 4023 transfers a 0.29-acre parcel of state-owned land in Windsor Township, Eaton County, to the Michigan Police Equipment Company to resolve a building encroachment on state property. The company must pay fair market value (determined by an independent appraisal) plus implementation costs, and any future oil/gas revenue from the land must be split 50/50 with the state. Net proceeds from the sale fund the state’s general budget. This bill directly affects the company’s property ownership and the state’s revenue stream.