Kentucky Senate Bill 86 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 7 2023 - 25% progression, died in committee
Action: 2023-02-09 - to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

Create new sections of KRS Chapter 381 to define term, including "heirs property"; create a mechanism for partition or sale among cotenants by the court; create requirements for notice and determination of value through agreement or appraisal; create protocol for buyouts, partition alternatives, partition in kind, sale by open market, sealed bids, or auction; create the heirs property research fund; amend KRS 324B.050 to authorize the Kentucky Real Estate Authority to promulgate administrative regulations to issue grants from the fund; amend KRS 64.012 to increase the recording and indexing fee collected by county clerks by $1 and to direct those extra funds to the heirs property research fund; amend KRS 381.135 and 389A.030 to conform; APPROPRIATION.

AN ACT relating to heirs property and making an appropriation therefor.

Sen. Reginald Thomas [D]

Date	Chamber	Action
2023-02-09	Senate	to Appropriations & Revenue (S)
2023-02-07	Senate	to Committee on Committees (S)
2023-02-07	Senate	introduced in Senate

Type	Source
Summary	https://apps.legislature.ky.gov/record/23RS/sb86.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/23RS/sb86/orig_bill.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/23RS/sb86/LM.pdf