RI
Rhode Island Senate Bill S3038

Rhode Island 2024 Regular Session

Rhode Island Senate Bill S3038

Introduced
5/2/24  

Caption

Brings greater public scrutiny to the public auction sales of real estate in Rhode Island by requiring public auctions by any city or town of real estate or an interest therein shall only be done in person, not by electronic or remote procedures.

Impact

By enforcing that public auctions must be held in person, S3038 aims to ensure that these transactions are conducted transparently and allow for greater community involvement. This could significantly alter how municipalities manage property sales, particularly in situations where property is acquired due to tax delinquency or other municipal needs. Since electronic procedures would require a special court order, it acts as a safeguard against potential misuse of remote auctioning methods.

Summary

Bill S3038, proposed in the Rhode Island General Assembly, pertains to the process of conducting public auctions related to real estate. The bill mandates that all public auctions for real estate by any city or town must be performed in person, negating the option for electronic or remote auction procedures. This change is intended to enhance public oversight and scrutiny during the auction process, establishing a clearer framework for how such sales are conducted within the state.

Contention

The discussion surrounding the bill may raise concerns among certain stakeholders, including those who advocate for modernization of public processes. Opponents could argue that mandatory in-person auctions may hinder efficiency and accessibility, especially for individuals unable to attend in person due to various reasons. Proponents, on the other hand, emphasize the need for accountability and oversight, suggesting that in-person interaction helps mitigate fraud and errors in the auction process.

Latest RI S3038 Activity

View All Events: RI 2024 Regular Session S3038

Companion Bills

No companion bills found.

Previously Filed As

RI S0991

Rhode Island Public Transit Authority

RI S1093

Rhode Island Public Transit Authority

RI H6001

Rhode Island Public Transit Authority

RI S0773

Rhode Island Public Transit Authority

RI S0633

Judgments, Orders, And Decrees -- Interest In Civil Actions

RI H5298

Judgments, Orders, And Decrees -- Interest In Civil Actions

RI S0369

Actions By And Against Towns

RI H5260

Actions By And Against Towns

RI S0980

Authorizing The Town Of Barrington To Finance The Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Athletic Fields, Playgrounds, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $250,000,000 Bonds And/or Notes Therefor, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35 Percent At The Time Of Issuance And Provided That The Authorization Shall Be Reduced By The Amount Of Certain Grants Received From State Bond Proceeds, From The Rhode Island Department Of Education Or From The Rhode Island School Building Authority

RI H6404

Authorizing The Town Of Barrington To Finance The Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Athletic Fields, Playgrounds, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $250,000,000 Bonds And/or Notes Therefor, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35 Percent At The Time Of Issuance And Provided That The Authorization Shall Be Reduced By The Amount Of Certain Grants Received From State Bond Proceeds, From The Rhode Island Department Of Education Or From The Rhode Island School Building Authority

Similar Bills

No similar bills found.