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))