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House Bill 1524


House Bill 1524

ARCHIVE (2011)

Latest Information

 

DIGEST OF INTRODUCED BILL


Real property disposal by a political subdivision. Removes the requirement that when a political subdivision sells or leases surplus real property, the appraisers must make a joint appraisal. Provides that the disposing agent may sell or lease the surplus real property for a value that is less than 90% of the average of the two appraisals only after holding a public hearing. (Under current law, the disposing agent may sell or lease the property for less than 90% of the appraised value only after publishing an additional notice of sale.) Provides that in the case of a sale to promote an economic development project or to facilitate land use planning, real property may not be sold for less than the average of the two appraisals without a hearing.
Current Status:
 In Committee - first House
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