| Last Action | posted in committee |
|---|---|
| Title | AN ACT relating to real property. |
| Bill Documents |
Bill
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| Impact Statements | Local Mandate |
| Bill Request Number | 85 |
| Sponsor | J. Jenkins |
| Summary of Original Version | 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. |
| Index Headings of Original Version |
Deeds and Conveyances - Certificates of delinquency, establish expedited foreclosure process Local Government - Land bank authorities, allow purchase of certificates of delinquency Local Government - Land bank authorities, amend powers and duties Taxation - Certificates of delinquency, amend statute of limitations for collection Taxation, Property - Certificates of delinquency, amend statute of limitations for collection Cities - Certificates of delinquency, allow purchase of Counties - Certificates of delinquency, allow purchase of Local Mandate - Certificates of delinquency, amend statute of limitations for collection |
| 02/05/13 |
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| 02/06/13 |
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| 02/11/13 |
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Last updated: 8/27/2019 7:53 PM (EDT)