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 Reengrossed 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 real estate broker
licensed in La.
Proposed law authorizes the DOTD to sell excess property through a real estate broker 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. Requires submission of the rules to the House Committee on Natural
Resources and Environment and the Senate Committee on Natural Resources for approval.
Proposed law specifies that the sale of property through a real estate broker 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))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Natural Resources and
Environment to the original bill:
1. Require submission of the rules relative to the sale of property through a Louisiana
realtor to the House Committee on Natural Resources and Environment and the Senate
Committee on Natural Resources for approval.
The House Floor Amendments to the engrossed bill:
1. Clarify that excess property is sold by a real estate broker licensed in Louisiana.