The department, with the approval of the board, may:

     (1) Exchange property held in the land bank for any other lands of equal value administered by the department, including any lands held in trust.

     (2) Exchange property held in the land bank for property of equal or greater value which is owned publicly or privately, and which has greater potential for natural resource or income production or which could be more efficiently managed by the department, however, no power of eminent domain is hereby granted to the department; and

     (3) Sell property held in the land bank in the manner provided by law for the sale of state lands without any requirement of platting and to use the proceeds to acquire property for the land bank which has greater potential for natural resource or income production or which would be more efficiently managed by the department.

[2004 c 199 § 215; 2003 c 334 § 527; 1984 c 222 § 3; 1977 ex.s. c 109 § 3. Formerly RCW 79.66.030.]

NOTES:

     Part headings not law -- 2004 c 199: See note following RCW 79.02.010.

     Intent -- 2003 c 334: See note following RCW 79.02.010.