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AR HB1376
Bill
Status
2/26/2019
Primary Sponsor
Nelda Speaks
Click for details
AI Summary
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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.
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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.
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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.
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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.
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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