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Committee clears technical cleanups to state lands code, clarifies investments and redemption procedures

REVENUE & TAX - SENATE · February 22, 2023

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Summary

House Bill 1191, sponsored by Representative Marcus Richmond, passed the Revenue & Tax Committee. The bill standardizes terminology from 'land' to 'parcel,' clarifies escrow timing and redemption-deed procedures, and allows the State Lands commissioner to invest in T-bills or savings bonds when rates exceed CDs.

House Bill 1191, carried by Representative Marcus Richmond and described as largely technical corrections, passed the Senate Revenue & Tax Committee by voice vote.

Richmond told the committee that most changes are terminology cleanups (replacing "land" with "parcel") and removing…

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