Concerning the sale of water-sewer district real property.
Summary
Authorizes a water-sewer district (district) to engage in the private sale of real property provided the estimated value is $5,000 or less.
Authorizes a district's board of commissioners (board) to determine the estimated value of sale property based upon the advice of brokers and appraisers, as the board deems appropriate, provided the estimated value of the property does not exceed $5,000.
Authorizes a determination of value by three real estate brokers producing a broker price opinion, or one professionally designated appraiser producing an appraisal, for property with an estimated value over $5,000.
From the House Bill Report (SB 5033), written by the Legislature's nonpartisan staff. Read the full report ↗