The bill proposes an amendment to Title 34 of the General Laws, specifically by adding a new chapter titled "PUBLIC AUCTIONS BY ELECTRONIC OR REMOTE PROCEDURES." This new chapter stipulates that public auctions of real estate or any interest therein conducted by any city or town must be held in person at the time and place specified in the legal advertisement, in accordance with Rhode Island statutes governing such sales. The bill explicitly prohibits public auctions of real estate from being conducted by electronic or remote procedures unless a Rhode Island superior court authorizes it after a hearing and a finding that an in-person auction is not feasible under the specific circumstances of the case. The purpose of this section is to ensure greater public scrutiny of public auction sales of real estate in Rhode Island.

The bill includes insertions that outline the requirements for public auctions and the conditions under which electronic or remote auctions may be permitted. There are no deletions mentioned in the provided text. The act would take effect immediately upon passage, emphasizing the legislative intent to promptly enforce the in-person requirement for public auctions of real estate. The explanation by the Legislative Council clarifies that the act mandates in-person public auctions and disallows electronic or remote procedures unless specifically authorized by the court.