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IN HB1295
Bill
Status
4/12/2017
Primary Sponsor
Cherrish Pryor
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AI Summary
HEA 1295 Summary
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Amendments to IC 36-1-11-3 allow fiscal bodies of counties, municipalities, and townships to adopt ordinances or resolutions increasing the threshold for fiscal body approval of real property sales above the default $50,000 appraised value.
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Amendments to IC 36-1-11-5 allow fiscal bodies to adopt ordinances or resolutions increasing the threshold for simplified sales to abutting landowners above the default $15,000 assessed value threshold.
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Property sales below the increased threshold amounts may be sold directly to abutting landowners without full public bidding processes, with preference given to abutting landowners who submit eligible offers within ten days of notice publication.
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All property disposals remain subject to public hearing requirements and notice to abutting landowners by certified mail, except for specific exemptions in sections 5, 5.5, 5.9, 8, and 18.
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Effective date is July 1, 2017.
Legislative Description
Disposal of real property. Allows the fiscal body of a unit (a county, municipality, or township) to adopt an ordinance (in the case of a county or municipality) or a resolution (in the case of a township) to increase the minimum appraised value of real property for which the fiscal body must approve a sale of the property. (Current law requires the fiscal body to approve a sale of real property if the appraised value is $50,000 or more.) Allows the fiscal body of a political subdivision to adopt an ordinance (in the case of a county or municipality) or
Last Action
Public Law 28
4/12/2017