Provides relative to the sale of excess immovable property by the Department of Transportation and Development
Impact
The implications of HB 390 are significant for state property management, as it allows the DOTD greater flexibility in handling excess properties. By enabling the sale of uneconomic remnants through licensed brokers, the bill promotes a more efficient process for divesting properties that may otherwise incur ongoing maintenance costs for the state. Furthermore, the stipulations regarding commission and the criteria for determining the sale price aim to provide a structured approach to property disposal that can reduce administrative burdens on the department.
Summary
House Bill 390 authorizes the Louisiana Department of Transportation and Development (DOTD) to sell excess immovable property classified as 'uneconomic remnants' through licensed real estate brokers in Louisiana. This move aims to streamline the disposal of properties that are deemed to have little or no value to the owner following partial acquisition by the state. The bill specifies that the sales may involve realtor commissions capped at 50% of the sale price, which can be determined based on the latest appraisal or advertising costs exceeding the property's value.
Sentiment
Feedback surrounding the bill appears largely positive among proponents who argue that it facilitates better management of state resources, aligning with broader economic development goals. Supporters believe it will alleviate the financial and logistical strain on the DOTD by enabling quicker sales of unwanted properties, thus freeing up resources for more pressing infrastructure needs. However, there may be some concerns voiced by critics about the implications of such sales on local communities and the potential lack of oversight in the disposal process.
Contention
Notable points of contention may arise regarding the definition of 'uneconomic remnants' and the process through which the DOTD determines the value of properties for sale, particularly the discretion granted to the department in appraisals. Questions about transparency and accountability in how properties are disposed of, including proposed rules under the Administrative Procedure Act, are likely to be examined as the bill progresses. While proponents argue that the bill provides a necessary tool for effective property management, some stakeholders may call for more stringent oversight to ensure fair and equitable handling of state resources.
Provides relative to the sale of excess immovable property by the Department of Transportation and Development. (gov sig) (EN SEE FISC NOTE SD EX See Note)
Provides relative to sales, leases, and subleases of immovable property under the jurisdiction of the Department of Culture, Recreation and Tourism. (gov sig)
Provides relative to the designation of highway safety corridors by the Department of Transportation and Development and the Louisiana Department of Transportation and Development
Requires State appropriations for Affordable New Jersey Communities for Homeowners and Renters Property Tax Relief Program and annual reporting of property tax relief program data; establishes Property Tax Relief Program Oversight Committee.
Requires State appropriations for Stay NJ and homestead property tax reimbursement programs and requires annual reporting of Stay NJ program data; establishes Property Tax Relief Program Oversight Committee.
Relating to interests in real property held or acquired by or on behalf of certain foreign individuals or entities and the authority of the attorney general to acquire the property by eminent domain; establishing the homeland security review committee; creating a criminal offense.
Relating to interests in real property held or acquired by or on behalf of certain foreign individuals or entities and the authority of the attorney general to acquire the property by eminent domain; establishing the homeland security review committee; creating a criminal offense.