Bill Title: As enacted, requires the county mayor of each county, after taking charge of lands bought by the county at delinquent tax sales, to evaluate the property, within 90 to 120 days, and determine whether the value of the property or amount of money the county is likely to receive if the county sold the property exceeds the financial or environmental risks associated with the property; revises related provisions and establishes related requirements. - Amends TCA Title 67, Chapter 5, Part 25.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Passed) 2016-05-24 - Comp. became Pub. Ch. 1085 [SB1949 Detail]

Text: Latest bill text (Draft #2) [PDF]

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