The proposed bill would significantly update the current statutes governing townsite trusts by designating the county board of supervisors (BOS) as the trustee, replacing the judge of the superior court as the responsible authority. This change is intended to streamline management by empowering local governance. Additionally, the bill mandates that the trustee's bond be filed with the county recorder instead of the BOS, altering existing procedural requirements. It also removes the need for the BOS to approve townsite plats and eliminates the fixed compensation rate for appraisers involved in the disposal of unclaimed townsite lots.

Moreover, the bill introduces various updates to financial provisions, such as adjusting bond amounts and fees to reflect current standards, and clarifying the trustee's duties, including executing bonds and maintaining financial records. It specifies the process for selling lots and the conditions for assessing taxes on properties, while ensuring that the trustee's actions remain subject to public inspection. Overall, these changes aim to modernize the statutes, enhance transparency, and simplify the administrative processes related to townsite trusts.

Statutes affected:
Introduced Version: 9-1101, 9-1102, 9-1103, 9-1105, 9-1106, 9-1111, 9-1112, 9-1116, 9-1117, 9-1118, 9-1131, 9-1132
Senate Engrossed Version: 9-1101, 9-1102, 9-1103, 9-1105, 9-1106, 9-1111, 9-1112, 9-1116, 9-1117, 9-1118, 9-1131, 9-1132
Chaptered Version: 9-1101, 9-1102, 9-1103, 9-1105, 9-1106, 9-1111, 9-1112, 9-1116, 9-1117, 9-1118, 9-1131, 9-1132