State of South Dakota
LEGISLATIVE ASSEMBLY, 2018
||HOUSE ENGROSSED NO. SB 86 - 2/27/2018 |
Introduced by: Senators Peters, Bolin, Cammack, Frerichs, Greenfield (Brock), Haverly, Klumb, Kolbeck, Langer, Otten (Ernie), Solano, Stalzer, Tidemann, and Youngberg and Representatives Willadsen, Ahlers, Bartels, Bartling, Brunner, Clark, Dennert, Duvall, Hawley, Holmes, Jamison, Kettwig, Latterell, Lust, McCleerey, Pischke, Rozum, Schaefer, Schoenfish, Smith, Steinhauer, Tulson, and Zikmund
FOR AN ACT ENTITLED, An Act to revise certain requirements when a local unit of government sells surplus property through a real estate broker.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 6-13-5.2 be amended to read:
6-13-5.2. In lieu of receiving sealed bids as required by this chapter, a school district, municipality, or county may sell real property at public auction or by listing the property with one or more licensed real estate brokers. The governing body may accept any offer for purchase of real property
provided the offer exceeds ninety percent of the appraised value of the real property as required by § 6-13-2
. If a governing body sells real property by public auction or through a real estate broker, the governing body shall give notice of the sale of the real property and the appraised value of the real property from the appraisal report on file with the fiscal offices of the governing body
as required by § 6-13-4.
|100 copies were printed on recycled paper by the South Dakota
Legislative Research Council at a cost of $.167 per page.
|Insertions into existing statutes are indicated by underscores.|
Deletions from existing statutes are indicated by