§ 8-3-203. Disposition of surplus property - Valuation.

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Before offering real property for disposition, the value of the property shall be established in accordance with the following:
(1) Except as set forth in subsection (2), if the value of the property is estimated to exceed $10,000, the value shall be established by one independent real estate appraisal. If the value is estimated to exceed $25,000, the value shall be established by the average of two independent real estate appraisals.
(2) If the property is to be conveyed for a public purpose at a nominal consideration, the value may be established by an appraisal prepared by the Department of Public Works or the Department's designee.
(1985 Code, Art. 10, § 3-204) (Bill No. 59-85; Bill No. 16-90)

                    
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