Loading chat...
AZ HB2114
Bill
Status
4/16/2019
Primary Sponsor
Gail Griffin
Click for details
AI Summary
-
Requires county appraisers conducting property valuations for real estate transactions to be licensed or certified under Title 32, Chapter 36 instead of simply being "qualified independent fee appraisers."
-
Modifies the minimum acceptable bid requirement for county real property sales to be based on market value as defined in Section 28-7091, with exceptions allowing market analysis for properties with no market value or net value of $10,000 or less.
-
Adds provisions to Section 11-256 allowing counties to lease properties without public auction if notice is posted on the property, county website, and local newspaper for 15 days, with a process for interested parties to request public auction and limiting this exception to properties with rental value under $5,000 per month.
-
Updates flood control district provisions in Section 48-3603 to require appraisals by Title 32, Chapter 36 licensed or certified appraisers and clarifies that districts may sell property to special districts with taxing authority, public schools, community colleges, and universities without public auction if proper appraisal and price conditions are met.
-
Makes technical corrections throughout the bill including standardizing terminology for dollar amounts and updating references to statutory definitions.
Legislative Description
County real estate; appraisals
Real Estate
Last Action
Chapter 88
4/16/2019