HB24-1056 Summary: Issuance of Treasurer's Deeds

• Creates new Article 11.5 of Title 39 establishing modernized procedures for issuing treasurer's deeds on tax-liened properties, effective July 1, 2024, replacing the previous Article 11 process

• Introduces "Certificate of Option for Treasurer's Deed" issued after public auction, with rights to redeem held by lawful holders for 15-19 business days after the auction at the investment balance plus accrued interest

• Establishes public auction procedures requiring treasurer notice to mailing list (property owner, lienors, occupants, lessees), posting on treasurer's website, and newspaper publication at least 45-60 days before auction

• Allows junior lienors to receive payment of overbid amounts (excess proceeds from auction) in order of recording priority, with remaining overbid paid to property owner, preventing speculative recovery practices through criminal penalties

• Makes conforming changes to sections 37-5-111, 37-23-114, 37-41-124, 37-43-183 through 189, 37-45-129, 37-46-126.6, 37-47-128, 37-48-110 and 150, and 37-50-111 requiring conservancy, drainage, irrigation, and water districts to follow the new Article 11.5 procedures instead of prior law