SB294 Alabama 2010 Session

Sponsors

Session

Regular Session 2010

Title

State property, time period for state to repurchase land sold by state to certain entities if later sold to private person or entities, decreased, municipal commercial development authorities exempt from procedures regarding sale or transfer of state property, retroactive effect, Sec. 9-15-82 am'd.

Description

<p class="bill_description"> Under existing law, certain state-owned real property is exempt from statutory procedures governing the sale or transfer of state property</p><p class="bill_description"> This bill would decrease from five to three years the time frame in which the state may repurchase property sold by the state</p><p class="bill_description"> This bill would include municipal commercial development authorities within the exemption</p><p class="bill_description"> This bill would be retroactive to June 29, 1995</p><p class="bill_entitled_an_act"> To amend Section 9-15-82, Code of Alabama 1975, exempting the transfer or sale of certain state-owned real property from the normal statutory procedure; to decrease from five to three years the time frame in which the state may repurchase property sold by the state; to include municipal commercial development authorities within the exemption; and to provide for a retroactive effective date. </p>

Subjects

State Property