92.115 VALUATION OF STATE LANDS; MINIMUM BID.
Subdivision 1.
Land valuation required. Before offering any state land for sale under this
chapter, the commissioner must establish the value of the land. The commissioner shall have the
land appraised if the estimated market value is in excess of $50,000.
Subd. 2.
Minimum bid. The minimum bid for a parcel of land must include the estimated
value or appraised value of the land and any improvements and, if any of the land is valuable
for merchantable timber, the value of the merchantable timber. The minimum bid may include
expenses incurred by the commissioner in rendering the property salable, including survey,
appraisal, legal, advertising, and other expenses.
History: 2004 c 262 art 1 s 21