SB 1195 Modifies provisions relating to land trust conveyances
Sponsor: Wheeler
LR Number: 4838S.01I Fiscal Note:
Committee: Economic Development, Tourism & Local Government
Last Action: 3/7/2006 - Second Read and Referred S Economic Development, Tourism & Local Government Committee Journal Page: S403
Title: Calendar Position:
Effective Date: August 28, 2006

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Current Bill Summary

SB 1195 - This act allows land trusts to convey real estate to a nonprofit organization, urban homestead agency, or government agency for housing purposes at less than two thirds of the appraised value without the consent of the appointing authorities.