House of Representatives

HB 2474

cities; sale of property

Sponsors: Representatives Binder: May, Verkamp

X	Committee on Counties & Municipalities
	Caucus and COW
	As Passed the House

HB 2474 increases the value of municipal real property that can be sold without a special election.

History

Currently, ARS §9-403 states that a city or town shall not sell real property of the municipality that exceeds a value of one hundred thousand dollars without a special election. The sell may proceed at a public auction if a majority of the ballots cast are in favor of selling the property.

Provisions

· Increases the value limit of real property of a city or town that may be sold without an election to one million dollars.

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· 44th Legislature Analyst Initials _______

· Second Regular Session January 28, 2000

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