MS SB2938

Allows a second tax sale of property in a public improvement district if the property fails to receive a bid and is struck off to the state, subject to approval by the Secretary of State and local governing bodies.

The second sale must be conducted prior to expiration of the redemption period and may include all delinquent tax years; property may be offered as a whole or subdivided.

If no purchaser emerges at the second sale, the property matures to the state at the end of the redemption period as if no second sale occurred.

Property purchased at a second sale may be redeemed within two years after the sale date by persons and in the manner provided in Section 27-45-3.

This provision sunsets and repeals on September 1, 2013.