The bill amends the authority of the Commissioner of State Lands to facilitate online transactions related to tax-delinquent property auctions. Specifically, it allows the Commissioner to conduct both tax-delinquent property auctions and unsold-property auctions online, enhancing accessibility and efficiency in the sale process. The bill also modifies the notification procedure for property owners, requiring that they be informed of their right to redeem their property at least thirty days prior to the auction.

Additionally, the bill updates the language regarding the auction process by removing references to "in-person" auctions, thereby standardizing the auction format to be conducted online. If a tax-delinquent parcel is not redeemed by the specified deadline, it will be offered for sale at an online auction, and a limited warranty deed will be issued to the purchaser if the property is sold. These changes aim to streamline the process and improve the management of tax-delinquent properties in Arkansas.

Statutes affected:
SB 310: 26-37-202(b), 26-37-202(e)