S.465

North Carolina S465 mandates the Department of Administration to manage and dispose of surplus state-owned real property.

North Carolina S465 requires the Department of Administration to assess, catalog, report, and dispose of certain vacant state property. The bill mandates the Department to develop a comprehensive state facilities plan, establish a performance management system, and create a surplus real property disposal system. State agencies must submit five-year real property management plans and report on property use. The bill also outlines the criteria for determining surplus property and the allocation of sale proceeds. The act becomes effective July 1, 2025.