The Gus Frangos Act proposes significant amendments to the Revised Code concerning tax foreclosures and the operations of county land reutilization corporations. It introduces new sections, including 5709.58, 5721.183, 5721.193, and 5723.20, while repealing several existing sections related to tax collection and foreclosure processes. Key changes include the county auditor's responsibility to maintain a real property tax suspension list for properties with uncollectible delinquent amounts and the adjustment of compensation structures for county auditors based on collected moneys. The bill aims to streamline tax collection and foreclosure processes, enhance county land reutilization efforts, and clarify financial management related to these activities.

Additionally, the bill modifies the enforcement process for delinquent taxes, allowing county treasurers to initiate civil actions for tax liens in various courts and clarifying conditions for enforcing tax liens. It also introduces provisions for the sale of foreclosed properties, including appraisal requirements and restrictions on sales to previous owners or related parties. The legislation emphasizes the efficient management of abandoned and nonproductive lands, allowing for direct transfers to municipal entities or land reutilization corporations without appraisal. Overall, the bill seeks to improve the efficiency of tax collection, support local governments in managing distressed properties, and enhance the clarity of tax regulations.

Statutes affected:
As Introduced: 319.48, 319.54, 321.261, 321.263, 321.343, 323.25, 323.26, 323.28, 323.31, 323.33, 323.47, 323.65, 323.66, 323.67, 323.68, 323.69, 323.691, 323.70, 323.71, 323.72, 323.73, 323.75, 323.76, 323.77, 323.78, 323.79, 505.86, 715.261, 721.28, 1721.10, 1724.02, 2329.153, 3737.87, 3745.11, 3767.41, 5709.12, 5709.91, 5709.911, 5713.083, 5715.02, 5721.01, 5721.02, 5721.03, 5721.04, 5721.06, 5721.13, 5721.17, 5721.18, 5721.19, 5721.192, 5721.20, 5721.25, 5721.26, 5721.30, 5721.32, 5721.33, 5721.37, 5722.01, 5722.02, 5722.03, 5722.031, 5722.04, 5722.05, 5722.06, 5722.07, 5722.08, 5722.10, 5722.11, 5722.14, 5722.15, 5722.21, 5722.22, 5723.01, 5723.03, 5723.04, 5723.05, 5723.06, 5723.10, 5723.12, 5723.13, 5723.18, 5739.02, 323.74, 5721.14, 5721.15, 5721.16, 5722.09, 5722.13