Enacts new Article 2F, Identification and Sale of Unused Property, to classify unused property and specify the procedure for sale of property in each class. Defines unused property as real property owned by or allocated to the Department of Transportation (DOT) that is not needed for current or future transportation purposes. Directs the DOT to classify unused property as Class A, Class B, or Class C, according to size and use, and to promptly sell the property according to the detailed provisions for the applicable class. Requires any unsold, unused property to be publicly auctioned after one year, and then offered for sale to owners of real property adjacent to the unused property. Directs DOT to review and identify property remaining after projects, and to review property from projects completed before the act’s effective date. Requires DOT to notify the Governor and Council of State about any proposed land sale with an appraised value of at least $25,000, and allows disapproval of the proposed sale. Sets out reporting requirement to the Joint Legislative Commission on Governmental Operations by January 1, 2013. Makes conforming changes to GS 136-19. Designates the Rodney Orr Bypass surplus right of way as unused property. Effective October 1, 2012.