PREFILED JAN 05 2024
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REFERENCE TITLE: state trust lands; technical correction |
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State of Arizona House of Representatives Fifty-sixth Legislature Second Regular Session 2024
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HCR 2004 |
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Introduced by Representative Kolodin
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A Concurrent Resolution
proposing an amendment to the Constitution of Arizona; amending article X, section 4, Constitution of Arizona; relating to state trust lands.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it resolved by the House of Representatives of the State of Arizona, the Senate concurring:
1. Article X, section 4, Constitution of Arizona, is proposed to be amended as follows if approved by the voters and on proclamation of the Governor:
4. Sale or other disposal of trust lands; conditions
Section 4. A. All lands held in trust pursuant to this article, and all lease-holds, timber, and other products of trust land, before being offered for sale or disposal, shall be appraised at their true value. , and
B. No sale or other disposal thereof of trust land shall be made:
1. For a consideration less than the value so ascertained, nor in any case less than the minimum price hereinafter fixed. , nor
2. Upon credit unless accompanied by ample security. , and
C. The legal title shall not be deemed to have passed until the consideration shall have has been paid.
2. The Secretary of State shall submit this proposition to the voters at the next general election as provided by article XXI, Constitution of Arizona.