The bill amends Title 34 of the General Laws by adding a new chapter, Chapter 50, which governs public auctions of real estate by cities and towns in Rhode Island. It stipulates that such auctions must be conducted in person at the specified time and place as outlined in the legal advertisement. The bill also establishes that electronic or remote auctions are prohibited unless a court order from the Rhode Island Superior Court is obtained, confirming that an in-person auction is not feasible for the specific case. This measure aims to enhance public scrutiny of real estate auction sales in the state.

The new legal language introduced in this bill emphasizes the importance of in-person auctions and sets a clear legal framework for exceptions, thereby ensuring transparency and accountability in the auction process. The act is set to take effect immediately upon passage.