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AR HB1862
Bill
Status
4/27/2011
Primary Sponsor
Eddie Cheatham
Click for details
AI Summary
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Consolidated school districts may sell or preserve buildings and lands that are no longer used by the district
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School district boards of directors can determine the purchase price of buildings based on their own assessment of building value, with or without obtaining a market appraisal, and consideration of the district's best interest
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School districts retain the right of first refusal to repurchase property if the original buyer decides to sell
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When a school district repurchases property, the sale price cannot exceed the original price paid and cannot include compensation for any improvements made by the previous owner
Legislative Description
To Allow A Consolidated School District To Determine The Value Of A Building For The Purpose Of Selling The Building.
Last Action
House Died in House Committee at Sine Die adjournment.
4/27/2011