Committee advances change to quadrennial state property reporting, removes required market valuations

The Senate Committee on Government Organization reported House Bill 56-12 after counsel described changes to the quadrennial inventory of state real property. The bill would allow state spending units to designate whether reported properties are underused or unused and would eliminate the statutory requirement that the real estate division include market values (including leased properties) in the required report.

Counsel said the fiscal note estimates approximately 11,000 parcels would have to be valued and that completing valuations would cost an estimated $27,500,000; counsel noted the real estate division currently lacks the budget to perform those valuations. The bill would retain the division’s responsibility to make recommendations on property use or disposition but would omit market‑value amounts from the statutory report.

The bill was requested by the Department of Administration and passed the House with a strong majority. The committee voted to report the bill to the full Senate with a recommendation that it pass. The transcript records voice votes and does not include a roll‑call tally.