HB 3354
Distributes the balance of the proceeds from county sales of real property to the county general fund.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes how county proceeds from selling real property are distributed. Specifically, it directs that proceeds first cover refunds for tax advances, penalties, and costs associated with property maintenance and foreclosure. Counties with populations of 200,000 or more can then distribute a portion to local governments with local improvement liens or to fund housing programs for youth and families. Remaining proceeds are then directed to the county general fund, with specific provisions for biogas lease proceeds and reimbursement for related county costs.
Key provisions
- Proceeds from real property sales must first be used to refund the county general fund for tax advances, penalties, and foreclosure costs.
- Counties with populations of 200,000 or more can distribute funds to local governments with local improvement liens or to support youth and family housing programs.
- Proceeds from biogas leases are to be segregated and used to reimburse taxing districts for related services.
- The county can reimburse itself for maintenance and supervision costs related to leases and conveyances.
- Funds can be used to reimburse municipalities for local improvement liens.
- Counties with populations of 650,000 or more can convey property acquired through foreclosure.
- Interest earned on segregated biogas lease proceeds must be credited to a designated account.
- Distribution of funds must occur by June 30th each year.
Who is affected
- Counties
- Local Governments
Sponsors
Official sponsors from legislative records.
Primary sponsors
David Brock Smith
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