Subdivision 1. Definition. For the purposes of this section, "agency" means an agency as defined in section 16B.01, subdivision 2, and the Board of Trustees of the Minnesota State Colleges and Universities, but does not include the Department of Transportation, the Department of Natural Resources, or the Board of Water and Soil Resources.
Subd. 2. Maximum price. When an agency is authorized to acquire real property or an interest in real property with public money, the procedure in this section applies. The agency must first prepare a fact sheet providing a legal description of the real property to be acquired and the legal authority for its acquisition. The agency must obtain an appraisal of the real property by a person licensed under chapter 82B as an appraiser for the type of real property being appraised and the appraisal must be done in accordance with the requirements of chapter 82B. The appraiser shall not have an interest directly or indirectly in any of the real property to be appraised. The agency may pay less for the property than the appraised value but must not agree to pay more than ten percent above the appraised value. If the real property is appraised at less than $100,000 by the agency and the seller, the agency may pay more than 110 percent of the agency's appraised value but no more than the seller's appraised value. New appraisals may be made at the discretion of the agency.
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Structure Minnesota Statutes
Chapters 16A - 16E — Administration And Finance
Chapter 16B — Department Of Administration
Section 16B.02 — Department Of Administration.
Section 16B.03 — Appointments.
Section 16B.05 — Delegation By Commissioner.
Section 16B.052 — Authority To Transfer Funds.
Section 16B.054 — Developmental Disabilities.
Section 16B.055 — Lead Agency.
Section 16B.24 — General Authority.
Section 16B.2405 — Capitol Building Powers And Duties.
Section 16B.2406 — Capitol Area Building Account To Address Health, Life Safety, And Security Needs.
Section 16B.241 — Coordinated Facility Planning.
Section 16B.242 — Enterprise Real Property Account.
Section 16B.2421 — Bird-safe Buildings.
Section 16B.245 — Inventory Of State-owned Land.
Section 16B.25 — Lost Property On State Lands.
Section 16B.26 — Utility Companies, Permits To Cross State-owned Lands.
Section 16B.27 — Governor's Residence.
Section 16B.275 — Capitol Area Cafeterias.
Section 16B.276 — Capitol Flag Program.
Section 16B.281 — Sale And Disposition Of Surplus State-owned Land.
Section 16B.282 — Surveys, Appraisals, And Sale.
Section 16B.283 — Terms Of Payment.
Section 16B.284 — Quitclaim Deed.
Section 16B.286 — Reservation Of Minerals.
Section 16B.287 — Disposition Of Proceeds From Surplus State-owned Land.
Section 16B.296 — Transfer Of Real Property.
Section 16B.297 — Acquisition Of Real Property.
Section 16B.2975 — Surplus Property Acquisition, Distribution, And Disposal.
Section 16B.298 — Surplus Property.
Section 16B.30 — General Authority.
Section 16B.305 — Capital Budget Requests.
Section 16B.307 — Asset Preservation Appropriations.
Section 16B.31 — Commissioner Must Approve Plans.
Section 16B.321 — Definitions.
Section 16B.322 — State Energy Improvement Financing Program.
Section 16B.323 — Solar Energy In State Buildings.
Section 16B.325 — Sustainable Building Guidelines.
Section 16B.326 — Heating And Cooling Systems; State-funded Buildings.
Section 16B.327 — Recycling Construction And Demolition Waste From State Buildings; Requirement.
Section 16B.328 — Outdoor Lighting Fixtures Model Ordinance.
Section 16B.33 — Designer Selection Board.
Section 16B.335 — Review Of Plans And Projects.
Section 16B.34 — Inmate Labor.
Section 16B.35 — Art In State Buildings.
Section 16B.355 — Cooperative Local Facilities Grants.
Section 16B.36 — Investigations.
Section 16B.37 — Reorganization Of Agencies.
Section 16B.371 — Assistance To Small Agencies.
Section 16B.38 — Dissolved Or Suspended Agencies.
Section 16B.39 — Programs For State Employees.
Section 16B.45 — Function Of Legislative Auditor.
Section 16B.48 — General Services Revolving Funds.
Section 16B.4805 — Accommodation Reimbursement.
Section 16B.481 — Fees For Training And Maintenance.
Section 16B.4821 — Provision Of Materials And Services To Mnscu.
Section 16B.485 — Interfund Loans.
Section 16B.49 — Central Mailing System.
Section 16B.495 — Hazard Identification And Accident Prevention.
Section 16B.51 — Agency Reports.
Section 16B.53 — Sale Of Laws And Resolutions.
Section 16B.531 — Travel Services.
Section 16B.54 — Enterprise Fleet; Establishment.
Section 16B.55 — Use Of State Vehicles; Compensation For Use Of Personal Vehicles.
Section 16B.56 — Commuter Vans; Use By State Employees And Spouses And Others.
Section 16B.57 — Gasoline And Petroleum Products, Source Of Supply For Agencies.
Section 16B.58 — State Parking Facilities.
Section 16B.581 — Distinctive Tax-exempt License Plates.
Section 16B.85 — Risk Management.
Section 16B.86 — State Building Energy Conservation Improvement Revolving Loan Account.
Section 16B.87 — Award And Repayment Of State Building Energy Improvement Conservation Loans.
Section 16B.875 — Review By Commissioner Of Administration.
Section 16B.97 — Grants Management.