Thursday, June 6, 2013

ALEC's State Budget Reform Toolkit: "Asset Sale and Lease Opportunities"

See pages 34-37 for the particulars.

Step 1:  A real property inventory
  • What does the state own? 
  • Where is it located? 
  • What is the condition of what the state owns? 
  • What is the value of what the state owns? 
  • What is the best use of what the state owns?

Sidebar:  The two most common and effective ways of extracting value from government assets are
  • asset divestiture (the outright sale of government land or assets) and 
  • asset leases (long-term leases of public assets to private sector investor-operators)

Step 2:   The governor should commission a review to categorize all state-owned property and move toward asset divestiture and realignment opportunities.

Step 3:  Assemble a procurement team to prioritize asset lease opportunities 

Step 4:   Incentivize quick identification and disposal.

Step 5:  Contract with the private sector to conduct a market-value disposal of surplus property.

A bibliography lists two additional resources, both of which are published by Reason Foundation, which, according to its website, advances a free society by developing, applying, and promoting libertarian principles, including individual liberty, free markets, and the rule of law.

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