This bill amends existing laws regarding county resale auctions in Oklahoma, specifically updating Sections 3129 and 3135 of Title 68. Key changes include the disallowance of cash payments for property purchases, mandating that all transactions be conducted using certified funds. The bill also introduces a requirement for a deposit of certified funds from bidders prior to the advertisement of properties for sale. Additionally, it clarifies the definition of "nuisance property" and outlines the conditions under which such properties may be sold or retained by the county, including the discretion of the county treasurer in handling these properties.

Furthermore, the bill stipulates that county treasurers must provide the Oklahoma Health Care Authority with a list of properties for sale, ensuring that potential buyers are informed of any existing liens. It also establishes that counties will not be liable for environmental issues that existed prior to their ownership of the property. The effective date for these changes is set for November 1, 2026. Overall, the bill aims to streamline the auction process, enhance transparency regarding property conditions, and protect counties from liability related to environmental concerns.

Statutes affected:
Introduced: 68-3129