Kansas SB146 amends the reversionary interest of the state in certain real property to July 1, 2046.

Kansas SB146 requires the secretary for aging and disability services and the city of Osawatomie to amend the reversionary interest of the state in certain real property to July 1, 2046. The bill specifies the tracts of real estate to be conveyed to the city for economic development and mandates that if the property is not used for economic development by July 1, 2026, the state will regain ownership. The amendment to the original deed must be executed and recorded by July 1, 2026, and is subject to approval by the attorney general.

Kansas SB146 amends the reversionary interest of the state in certain real property to July 1, 2046.

Kansas SB146 requires the secretary for aging and disability services and the city of Osawatomie to amend the reversionary interest of the state in certain real property to July 1, 2046. The bill specifies the tracts of real estate to be conveyed to the city for economic development and mandates that if the property is not used for economic development by July 1, 2026, the state will regain ownership. The amendment to the original deed must be executed and recorded by July 1, 2026, and is subject to approval by the attorney general.