Not later than January 1, 1996, the State Land Board shall adopt an asset management
plan in accordance with this section to guide management and disposition of real estate
under the board's jurisdiction. The Department of State Lands shall provide a report to each odd-numbered year regular
session of the Legislative Assembly on the progress of implementing the asset management
plan. The asset management plan required by this section shall provide a schedule for disposition
of state lands when the proper disposition, as determined, involves the sale, exchange
or transfer of management responsibility from the Department of State Lands to other
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