2001 REGULAR SESSION (71st)                                                                       A SB219 R1 814

Amendment No. 814

 

Assembly Amendment to Senate Bill No. 219  First Reprint                                                (BDR 35‑476)

Proposed by: Committee on Transportation

Amendment Box: Replaces Amendment No. 727.

Resolves Conflicts with: N/A

Amends:         Summary:               Title:               Preamble:               Joint Sponsorship:

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend section 1, page 2, by deleting lines 21 through 24 and inserting:

“discretion, is entitled to purchase the property by direct sale. If [no] a person who is entitled to purchase the property by direct sale pursuant to this paragraph reasonably believes that the department’s appraisal of the property is greater than the fair market value of the property, the person may file an objection to the appraisal with the department. The department shall set forth the procedure for filing an objection and the process under which a final determination will be made of the fair market value of the property for which an objection is filed. The department shall sell the property in the manner provided in subsection 2 if:

          (1) No person requests to purchase the property by direct sale within 60 days after the notice is published pursuant to this paragraph [, the department shall sell the property in the manner provided in subsection 2.] ; or

          (2) A person who files an objection pursuant to this paragraph fails, within 10 business days after he receives a written notice of the final determination of the fair market value of the property, to notify the department in writing that he wishes to purchase the property at the fair market value set forth in the notice.”.