SB 453
Modifies certain provisions relating to county recording fees
Sponsor:
LR Number:
1970S.02I
Last Action:
4/27/2017 - Voted Do Pass S Local Government and Elections Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2017

Current Bill Summary

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).

JOHN GRANA

Amendments