ENROLLED
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
ACT No. 716
Regular Session, 2010
HOUSE BILL NO. 850
BY REPRESENTATIVE ROY
AN ACT1
To enact R.S. 47:2153(B)(7), relative to ad valorem tax; to authorize the collection of a2
refundable deposit from certain participants at a tax sale; to provide for use of3
deposits; to provide for the form of the deposit; to provide for refunds; and to4
provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 47:2153(B)(7) is hereby enacted to read as follows: 7
ยง2153. Notice of delinquency and tax sale8
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B.10
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(7) Except as otherwise provided in this Subpart, the tax sale shall be12
conducted in the manner provided by law for judicial sales. The tax collector may13
require all registered tax sale participants to provide a deposit, not to exceed one14
thousand dollars, prior to the commencement of the tax sale. If a deposit is required,15
the deposit of the winning bidder shall be applied toward the sale price at the time16
of purchase. A deposit from a non-winning bidder shall be returned or refunded to17 ENROLLEDHB NO. 850
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are additions.
the depositor within fourteen days of the close of the sale. The deposit shall be made1
in a form approved by the tax collector.2
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SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: