Arizona Revised Statutes Title 28. Transportation § 28-7096. Appraisal reports; market analyses

A. The director shall justify each acquisition or disposal under this article of real property with an estimated value of more than fifty thousand dollars by at least one appraisal report that is of sufficient scope to document and justify the economic basis for the acquisition or disposal.

B. The director may acquire or dispose of real property valued at fifty thousand dollars or less after the value has been estimated and justified by a market analysis based on comparable sales.