All sales and leases made by, or on behalf of, the State of Alabama, or any department, board, bureau, commission, institution, corporation, or agency, of real property or any interest therein owned by the State of Alabama having an appraised value of more than twenty thousand dollars ($20,000) shall be made by free and open competitive advertised public auction or advertised sealed bids to the highest bidder.
Ala. Code § 9-15-71
Real Property Owned by State to Be Sold or Leased by Auction or Sealed Bids.
(Acts 1995, No. 95-280, p. 507, §2; Act 2000-685, p. 1390, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.