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Senate committee advances bill to raise municipal sale threshold from $1,000 to $10,000
Summary
The Senate Government Organization Committee voted to report Senate Bill 234 to the full Senate with a recommendation that it pass. The bill would raise the dollar threshold requiring a municipality to sell property at public auction and allow negotiated sales to adjacent property owners after written notice.
The Senate Government Organization Committee voted to report Senate Bill 234 to the full Senate with the recommendation that it pass, advancing a measure that would raise the dollar threshold at which municipalities must sell property at public auction from $1,000 to $10,000.
Committee counsel summarized the bill to the panel, saying, “This bill raises the threshold value at which municipal property, either real or personal, must be sold at public auction after publication of legal notice from $1,000 in current code to $10,000.” Counsel added that the bill “also provides that if a municipality makes a determination that the highest and best use of a piece of real property is that it be sold to an…
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