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LA HB515
Bill
Status
2/26/2026
Primary Sponsor
Denise Marcelle
Click for details
AI Summary
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Authorizes political subdivisions to sell adjudicated property appraised at less than $50,000 directly to a buyer at a fixed price without public bidding
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Requires the sale price for direct sales to be established by resolution or ordinance of the governing authority
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Direct sales under this provision are deemed public sales under existing law
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Retains existing authority allowing adjoining landowners to purchase adjudicated property without public bidding if they have maintained the property for one year prior to sale
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Amends R.S. 47:2202(D) governing sales of adjudicated property by political subdivisions
Legislative Description
Authorizes a political subdivision to sell certain adjudicated property directly to a buyer (OR SEE FISC NOTE LF RV)
PROPERTY/IMMOVABLE
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
3/9/2026