House 5612

2026 Regular Session

Link to Bill History on Legacy Website (Click Here)

Summary: Relating to property valuations of properties located on the State Capitol Complex
PDF: hb5612 intr.pdf
DOCX: HB5612 INTR.docx


WEST VIRGINIA LEGISLATURE

2026 REGULAR SESSION

Introduced

House Bill 5612

By Delegate Phillips

[By Request of the Department of Administration]

[Introduced February 16, 2026; referred to the Committee on Government Organization]

A BILL to amend and reenact §5A-10-10 of the Code of West Virginia, 1931, as amended, relating to the four year report of the inventory of real property, requiring each agency to designate properties that are unused or substantially underused, and to remove the requirement to establish the market value for the property located on the State Capitol Complex.

Be it enacted by the Legislature of West Virginia:

 

ARTICLE  10. REAL ESTATE DIVISION

§5A-10-10 Real property review.

(a) At least once every four years, the Real Estate Division shall review the inventory of real property for each state spending unit submitted pursuant to this article to verify the accuracy of the inventory records.

(b) Based on the review of the inventory of real property, the Real Estate Division shall:

(1) Identify any real property owned or leased by the state that is not being used or that is being substantially underused as designated by the department, agency, or institution of state government that reports the property as required by §5A-10-9 of this code;

(2) Make recommendations to the Governor and the Secretary of the Department of Administration regarding the use of real property, which shall include:

(A) An analysis of the highest and best use to which the real property may legally be placed; and

(B) An analysis of alternative uses of the real property addressing the potential for any other transaction or use that the Real Estate Division determines to be in the best interest of the state; and

(3) Submit to the Governor and the Secretary of the Department of Administration any information pertinent to the evaluation of a potential transaction involving the real property, including:

(A) An an evaluation of any proposals received from private parties that would be of significant benefit to the state; and

(B) The market value of such real property.

 

NOTE: The purpose of this bill is to require each agency to designate properties that are unused or substantially underused and to remove the requirement to establish the market value for the property located on the State Capitol Complex.

Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.