Section 2: Types of Transactions
Anchor: #i1003361Overview
The following are the most common transactions:
- Anchor: #KIHMHAIX
- Sale of a right
of way interest no longer needed for state highway purposes:
-
Anchor: #BTLIVYUD
- to a governmental entity (GE) with the authority to condemn the property when the state owns fee simple title (see Sale of Right of Way (Fee Simple) No Longer Needed for State Highway Purpose to a GE under the Statutory Priority) Anchor: #NAITFSIV
- to a GE for monetary savings to the state of future maintenance costs or continued road purposes (see Transfer of Right of Way No Longer Needed for a State Highway Purpose to a GE with Waiver of Payment to the State) Anchor: #TEQOOKCK
- to the abutting landowner(s) when the state owns fee simple title (see Sale of Right of Way (Fee Simple) No Longer Needed for a State Highway Purpose to the Abutting Landowner(s)) Anchor: #PUCCRKOB
- to the public by sealed bid (see Sale of Right of Way (Fee Simple) No Longer Needed for a State Highway Purpose by Sealed Bid): Anchor: #RQBOBVSN
- to the abutting landowner(s) or a GE when the state owns access rights (see Disposition of Access Rights) Anchor: #WLXPOCGU
- to the underlying fee owner(s) when the state owns an easement (see Sale of Easements No Longer Needed for a State Highway Purpose to Underlying Fee Owner)
Anchor: #YLOCTYAJ - Exchange of real property acquired but not needed for a highway purpose (see Exchange of Real Property Interests): Anchor: #MFPEERRV
- Disposition without Consideration (see Disposition Without Consideration of Right of Way Interests No Longer Needed)
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Anchor: #YUJNDTHD
- to honor a reversionary clause Anchor: #ABWCTBUI
- to correct an error or ambiguity Anchor: #UKWCMHTA
- quitclaim of right of way