House of Representatives

HB 2474

cities; sale of property

Sponsors: Representatives Binder:  May, Verkamp

 

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Committee on Counties & Municipalities

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Caucus and COW

 

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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 specific value a special election.  This was raised from twenty-five thousand dollars to one hundred thousand dollars approximately thirty years ago.  The sale 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 $500,000.

 

 

HB 2474 was amended in Committee of the Whole to change the amount of property a municipality may sale without holding an election from $1 million to $500,000.

 

 

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44th Legislature                                                                                         Analyst Initials _______

Second Regular Session                                                                                          March 10, 2000

 

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