79.19.020 - Land bank -- Created -- Purchase of property authorized. - Washington Statutes

Land bank — Created — Purchase of property authorized.

The department, with the approval of the board, may purchase property at fair market value to be held in a land bank, which is hereby created within the department. Property so purchased shall be property which would be desirable for addition to the public lands of the state because of the potential for natural resource or income production of the property. The total acreage held in the land bank shall not exceed one thousand five hundred acres.

[2003 c 334 § 526; 1984 c 222 § 2; 1977 ex.s. c 109 § 2. Formerly RCW 79.66.020.]

Notes: Intent -- 2003 c 334: See note following RCW 79.02.010.