13RS HB200
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HB200

13RS

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HB 200/LM (BR 85) - J. Jenkins

     AN ACT relating to real property.
     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.

     Feb 5-introduced in House
     Feb 6-to Local Government (H)
     Feb 11-posted in committee


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