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AR HB1376

Bill

Status

Passed

2/26/2019

Primary Sponsor

Nelda Speaks

Click for details

Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Increases the appraised value threshold for simplified county property sales from $2,000 to $5,000, allowing sales under less stringent procedures when property value is below this amount.

  • Permits county judges to sell property valued under $5,000 at public or private sale, by sealed bids, or by internet sale for not less than three-fourths of appraised value.

  • Requires internet sales notices to be posted on vendor websites for at least 8 consecutive days before sale, with optional additional notice on county-owned or county-affiliated websites.

  • For property valued over $5,000, maintains requirement that county judge cannot sell for less than three-fourths of appraised value as determined by assessor's certificate.

  • Updates terminology throughout to use lowercase "internet" instead of "Internet" and clarifies that board approval procedures apply to higher-value property sales.

Legislative Description

To Amend The Law Concerning The Sale Of County Property.

Last Action

Notification that HB1376 is now Act 212

2/26/2019

Committee Referrals

City, County & Local Affairs2/11/2019
City, County and Local Affairs2/4/2019

Full Bill Text

No bill text available