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When local governments in Utah — including cities, counties, school districts, special districts, and housing authorities — want to sell, lease long-term, or otherwise permanently give up publicly owned land, this bill would create a standardized process they must follow in addition to any existing rules specific to their type of government. Before disposing of a "significant parcel" of property (generally worth $500,000 or more, unless the local government has adopted its own qualifying definition), the entity would have to advertise its intent online or on a real estate website for at least 45 consecutive days, post a physical sign on the property noting it is for sale, lease, or joint venture, and announce the planned disposal at a public meeting; the governing board would then have to vote to approve the deal at a public meeting and publicly disclose the proposed buyer or tenant and price or lease terms. For property that doesn't meet the "significant parcel" threshold, the entity would only need to post a physical sign on the property. The bill also lays out exceptions to these requirements — such as property exchanges between government entities of roughly equal value, transfers back to a prior owner, cemetery plots, and easements — and would continue to allow school districts to sell surplus property on the open market if no eligible public entity purchases it within the specified time period, while also repealing an existing criminal penalty related to the disposal of public property.