SB 453 - Under current law, a certain fee relating to the recording of deeds is five dollars. This act changes the fee to six dollars and allocates the additional dollar raised to the Statutory County Recorder's Fund.
The act also creates a new process to occur when the annual average collected into the Statutory County Recorder's Fund is insufficient to meet its obligations. In that case, the fund is to be supplemented by another source or a new maximum county allocation is to be set, depending on whether the shortfall meets a certain threshold.
The act is similar to HCS/HB 957 (2017).