SB313 Summary

• Authorizes Class 5 municipalities to file expedited quiet title and foreclosure actions in circuit court for abandoned tax sale properties purchased from the State Land Commissioner.

• Requires municipalities to record a notice of intent in probate court and make good faith efforts to identify interested parties through property signs, deed records, tax assessor records, voter registration lists, and Secretary of State records.

• Mandates municipalities send notice to identified interested parties by both certified and regular mail at least 30 days before the hearing, with posting required on the property itself.

• Allows circuit court to enter judgment within 10 days vesting fee simple title absolutely in the municipality and extinguishing all liens and interests except easements, deed restrictions, and environmental law restrictions.

• Permits appeals to the Court of Civil Appeals within 42 days if the appealing party posts a bond in the amount necessary to redeem the property, with the circuit court order affirmed unless notice deprived a party of due process.