All sales and leases made by, or on behalf of, the State of Alabama, or any department, board, bureau, commission, institution, corporation, or agency, of real property or any interest therein owned by the State of Alabama having an appraised value of more than twenty thousand dollars ($20,000) shall be made by free and open competitive advertised public auction or advertised sealed bids to the highest bidder.
Structure Code of Alabama
Title 9 - Conservation and Natural Resources.
Article 3 - Sale or Lease of Certain Real Property by State.
Section 9-15-70 - Applicability; Reservation of Rights.
Section 9-15-71 - Real Property Owned by State to Be Sold or Leased by Auction or Sealed Bids.
Section 9-15-72 - Lands Division Responsible for Selling or Leasing Property.
Section 9-15-75 - Advertising.
Section 9-15-78 - Bids to Be Publicly Taken by Director; Notice; Bids to Become Public Record.
Section 9-15-80 - Certain Persons Prohibited From Bidding on or Purchasing Property.
Section 9-15-81 - Criminal and Civil Actions and Penalties for Violations of Article.
Section 9-15-82 - Article Not to Apply to Certain Transfers, Reversions, Sales, Etc.
Section 9-15-83 - Proceeds From Sale to Be Deposited to Credit of Fund of State Entity.