This bill amends R.S. 47:2202(D) to provide new procedures for the sale of adjudicated property by political subdivisions in Louisiana. It allows adjoining landowners to purchase such property without public bidding, provided they have maintained the property for at least one year prior to the sale. This sale will be considered a public sale, and the price will be set by the governing authority during a public meeting.

Additionally, the bill introduces provisions for the direct sale of adjudicated property valued at less than fifty thousand dollars. This direct sale can occur without public bidding only if the property was previously offered at a public sale within the last twelve months. The price for these direct sales will be established by a resolution or ordinance from the governing authority, and such sales will also be classified as public sales under the law.

Statutes affected:
HB515 Original: 47:2202(D)
HB515 Engrossed: 47:2202(D)
HB515 Enrolled: 47:2202(D)
HB515 Act : 47:2202(D)