House of Representatives

HB 2474

cities; sale of property

Sponsors: Representatives Binder: May, Verkamp

dp	Committee on Counties & Municipalities
dpa	Caucus and COW
dpa	As Passed the House
x	As Transmitted to the Governor

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.

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44th Legislature Analyst Initials _______

Second Regular Session May 2, 2000

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