SRC-SLL S.B. 1684 75(R)   BILL ANALYSIS


Senate Research Center   S.B. 1684
By: Lindsay
Jurisprudence
4-1-97
As Filed


DIGEST 

Currently, Section 33.51, Tax Code, provides that a purchaser at a
foreclosure of a tax lien is not entitled to possession of the property
until after a period of redemption expires.  This language conflicts with
other provisions of the Tax Code which state that the purchaser at a tax
lien foreclosure is entitled to immediate possession and use of the
property.  This bill will delete the reference to a redemption period in
Section 33.51 of the Tax Code. 

PURPOSE

As proposed, S.B. 1684 deletes the reference to a redemption period
following the foreclosure of a tax lien and the sale of real property. 

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 Chapter 33, Tax Code, to delete a provision providing  a
20-day redemption period following a foreclosure of a tax lien and the
sale of real property. 

SECTION 2. Effective date: September 1, 1997.

SECTION 3. Emergency clause.