HB 16-1339 Summary

• Amends foreclosure procedures to allow officers to determine whether property is agricultural within 10-20 calendar days after recording a notice of election and demand, or earlier upon presentation of acceptable evidence.

• Establishes evidence standards for determining property is not agricultural, including certified subdivision plats, city clerk statements dated within six months, or county assessor statements that property was valued as non-agricultural.

• Adds new provision allowing county assessor statements dated within six months as evidence that property IS agricultural, if valued and assessed as agricultural property.

• Clarifies that an assessor's non-integral classification of two acres or less with a residential improvement is not determinative of agricultural status for foreclosure purposes.

• Takes effect August 10, 2016, unless subject to a referendum petition, in which case it requires voter approval at the November 2016 general election.