SB2052ham001 101ST GENERAL ASSEMBLY

Rep. Rita Mayfield

Filed: 5/16/2019

10100SB2052ham001 LRB101 09907 AWJ 60700 a

AMENDMENT TO SENATE BILL 2052

AMENDMENT NO. ______. Amend Senate Bill 2052 on page 18, line 18, by replacing "2" with "4"; and

on page 18, line 19, by replacing "or" with "and"; and

on page 18, line 22, after "reasons", by inserting "(not including water disconnection)"; and

on page 19, line 9, after the period, by inserting "Additionally, the municipality shall give notice in a newspaper of general circulation published in the municipality of the municipality's intent to have the property declared abandoned; a judicial deed may not be issued under this subsection unless the municipality has provided the court a copy of the newspaper notice and at least 30 days have passed since the newspaper notice was published."; and

on page 23, line 5, after the period, by inserting "The amount of extinguished tax liens, delinquent taxes, and any taxes due on or after the issuance of the judicial deed shall be paid by the municipality or public agency to whom the judicial deed was issued out of proceeds of the sale of the property, if any."; and

on page 23, immediately below line 5, by inserting the following:

"If a judicial deed was issued to a public agency under this subsection, the public agency must first provide exclusively to low-income, owner-occupied purchasers a "first-look period" of no less than 30 days after the issuance of the judicial deed. During the first-look period, property obtained under this subsection may not be offered to such individuals in an amount more than 50% of the property's fair market value and must be advertised in a multiple listing service or other similar information source. After the first-look period has expired, the public agency may offer property at an amount determined by the public agency.".