HLS 15RS-674 ORIGINAL
2015 Regular Session
HOUSE BILL NO. 390
BY REPRESENTATIVE LEOPOLD
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
TRANSPORTATION DEPT: Provides relative to the sale of excess immovable property
by the Department of Transportation and Development
1 AN ACT
2To enact R.S. 48:221(A)(4)(c) and (d), relative to the disposition of excess immovable
3 property by the Department of Transportation and Development; to provide for the
4 sale of property by a realtor licensed in Louisiana; to provide for the sale of property
5 classified as an uneconomic remnant; to provide for a definition; and to provide for
6 related matters.
7Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 48:221(A)(4)(c) and (d) are hereby enacted to read as follows:
9 ยง221. Acquisition of balance of land in certain cases; disposition; exchange; excess
10 property
11 A.
12 * * *
13 (4) If excess immovable property authorized to be sold pursuant to this
14 Section is not purchased at public or private sale as provided herein, or if the cost of
15 advertisement is greater than the fair market value of the property so that the
16 property lacks a positive net value to the department, the secretary may, within his
17 discretion, do either of the following:
18 * * *
19 (c) Sell the property through a realtor licensed in Louisiana. Upon the sale
20 of such property, the realtor may be paid a commission not to exceed fifty percent
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 15RS-674 ORIGINAL
HB NO. 390
1 of the sale price of the property. The sale price may be determined by the last
2 available appraisal or the cost of advertisement if such cost exceeds the value of the
3 property. The department may promulgate rules and regulations pursuant to the
4 Administrative Procedure Act in order to implement the provisions of this
5 Subparagraph.
6 (d) Notwithstanding any provision of law to the contrary, the sale of such
7 property pursuant to Subparagraph (c) of this Paragraph is limited to property
8 classified by the department as an uneconomic remnant. For purposes of this
9 Paragraph, the term "uneconomic remnant" means a parcel of immovable property
10 in which the owner is left with an interest after the partial acquisition of the owner's
11 property, and which the department has determined has little or no value or utility
12 to the owner.
13 * * *
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 390 Original 2015 Regular Session Leopold
Abstract: Authorizes the Dept. of Transportation and Development (DOTD) to sell excess
immovable property, classified as an uneconomic remnant, through a realtor licensed
in La.
Proposed law authorizes the DOTD to sell excess property through a realtor licensed in La.
Specifies that the realtor may be paid a commission not to exceed 50% of the sale price of
the property. Provides that the sale price is determined by the last available appraisal or the
cost of advertisement if such cost exceeds the value of the property. Authorizes the DOTD
to promulgate rules and regulations pursuant to the Administrative Procedure Act in order
to implement the provisions of proposed law.
Proposed law specifies that the sale of property through a realtor licensed in La. is only
authorized for property classified as an uneconomic remnant by the DOTD. Defines
"uneconomic remnant".
(Adds R.S. 48:221(A)(4)(c) and (d))
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.