SRC-TNM S.B. 969 75(R)   BILL ANALYSIS


Senate Research Center   S.B. 969
By: Wentworth
Intergovernmental Relations
3-25-97
As Filed


DIGEST 

Currently, commissioners court property auctions take place only at one
location, at a specific time, and on a specific date.  Counties that have
a significant number of foreclosures and property auctions could benefit
from flexibility in setting the time, date, and location of the auction.
Indoor auctions and evening and weekend hours could increase citizen
participation.  S.B. 969 would allow counties to set the time, place, and
location of commissioner courts property auctions to increase citizen
participation and result in greater returns for the county on the resale
of property pursuant to foreclosure of an ad valorem tax lien. 
    
PURPOSE

As proposed, S.B. 969 outlines provisions regarding the resale of property
sold to a taxing unit pursuant to foreclosure of an ad valorem tax lien.   

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 34.05(d), Tax Code, to provide that if the
commissioners court of a county, by order, specifies the date or time at
which or location in the county where a public sale requested under
Subsection (c) is required to be conducted, the sale shall be conducted on
the date and at the time and location specified in the order. 

SECTION 2. Effective date: September 1, 1997.
  Makes application of this Act prospective.

SECTION 3. Emergency clause.