§ 15. Return of property
Whenever the need for the purposes of this chapter of any real or personal property acquired under this chapter shall terminate, the governor may dispose of such property on such terms and conditions as he shall deem appropriate, but to the extent feasible and practicable he shall give to the former owner of any property so disposed of an opportunity to reacquire it:
(1) at its then fair value as determined by the governor or
(2) if it is to be disposed of (otherwise than at public sale of which he shall give reasonable notice) at less than such value, at the highest price any other person is willing to pay therefor:
Provided, that this opportunity to reacquire need not be given in the case of items which lose their identity in use or to property having a fair value of less than $500.00.