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AR SB297
Bill
Status
4/16/2013
Primary Sponsor
Jonathan Dismang
Click for details
AI Summary
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Changes the minimum bid requirement for tax-delinquent land sales from the assessed value to the amount of delinquent taxes, penalties, interest, and costs of sale.
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Allows the Commissioner of State Lands to negotiate private sales if no bids meet the minimum amount at the scheduled public sale, with Attorney General approval required unless the sale occurs more than two years after the scheduled public sale.
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Reduces the redemption period for tax-delinquent land from thirty (30) days to ten (10) days after the sale date, excluding Saturdays, Sundays, and legal holidays.
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Shortens the statute of limitations for contesting the validity of a conveyance from one (1) year to ninety (90) days after the date of conveyance.
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Expands who may file title quieting complaints to include grantees of purchasers, donees, or redemptors of state property, in addition to the original purchasers themselves.
Legislative Description
To Aid The Administration, Sale, And Conveyance Of Tax-delinquent Lands.
Last Action
Notification that SB297 is now Act 1231
4/16/2013