KY HB200 | 2013 | Regular Session

Status

Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 5 2013 - 25% progression, died in committee
Action: 2013-02-11 - posted in committee
Pending: House Local Government Committee
Text: Latest bill text (Draft #1) [MS Word]

Summary

Amend various sections of KRS 65.350 to 65.375 to clarify, revise and expand the authority of land banks to acquire and manage tax delinquent properties; amend KRS 99.715 to allow cities to transfer property to a land bank; amend KRS 134.010 to define "land bank authority"; create a new section of KRS Chapter 134 to allow counties, cities, and land bank authorities to purchase certificates of delinquency prior to the public sale required by KRS 134.128; allow counties, cities, and land bank authorities to purchase certificates of delinquency held by the county clerk that were not sold; amend KRS 134.490 to require counties, cities, and land bank authorities that purchased certificates of delinquency to provide notice to the taxpayer and offer payment plans; amend KRS 134.015 to delete reference to the 11-year statute of limitations; amend KRS 134.122 and 134.125 to conform; amend KRS 134.420 and 134.546 to change the statute of limitation from 11 years to three years for taxes that become delinquent on or after January 1, 2014; reference expedited foreclosure established by Section 9 of the Act as a remedy; create new sections of KRS Chapter 65 to establish an expedited foreclosure process for counties, cities, and land bank authorities that purchase certificates of delinquency.

Tracking Information

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Title

AN ACT relating to real property.

Sponsors


History

DateChamberAction
2013-02-11Houseposted in committee
2013-02-06Houseto Local Government (H)
2013-02-05Houseintroduced in House

Kentucky State Sources


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