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      RS 47:2203     

  

NOTE: §2203 eff. until Jan. 1, 2026. See Acts 2024, No. 409, and Acts 2025, No. 411.

§2203. Pre-bidding procedures; sale of adjudicated property

            A. Initiation by political subdivisions. A political subdivision may provide by ordinance for the sale of adjudicated property at a public sale and may include the date for the sale in the ordinance. However, the date of the sale may be provided by a subsequent ordinance, or the date may be set administratively by the political subdivision.

            B. Initiation by persons. (1) Whenever any person desires to initiate the public sale of adjudicated property and the political subdivision desires to sell, the person shall deposit an amount determined by the political subdivision to be sufficient to cover the expenses of the sale, including advertising, appraisals, and other costs associated with the sale.

            (2) Should the depositor at the sale fail to be the highest bidder, the money deposited shall be returned to him. However, if no one at the sale bids up to the minimum price provided in this Subpart, then the money shall be retained to pay the expenses of the sale, but any money remaining after the expenses are paid shall be returned to the depositor.

            C. Advertisement. A public sale shall be advertised twice in the official journal for the political subdivision, once at least thirty days prior to the date of the public sale, and once no more than seven days prior to the date of the public sale. The advertisement shall provide for the minimum bid, the latest date written bids will be accepted, the time and date of in-person bidding, and any other terms of sale. However, if no minimum bid is set by the governing authority of the political subdivision on the adjudicated property to be sold at the public sale, the advertisement shall include a statement that no minimum bid is set and that the property shall be sold to the highest bidder.

NOTE: §2203 eff. Jan. 1, 2026. See Acts 2024, No. 409, and Acts 2025, No. 411.

§2203. Pre-bidding procedures; sale of adjudicated property; sale of tax lien held by a political subdivision; sale of immovable property to enforce a tax lien held by a political subdivision

            A. Initiation by political subdivisions.

            (1) A political subdivision may provide by ordinance for any of the following:

            (a) The sale of adjudicated property.

            (b) The public sale of immovable property to enforce a tax lien held by a political subdivision.

            (c) The public sale of tax liens held by a political subdivision.

            (2) An ordinance adopted in accordance with this Subsection may include the date for the sale in the ordinance. However, the date of the sale may be provided by a subsequent ordinance, or the date may be set administratively by the political subdivision.

            B. Initiation by persons. (1) Provided that all other requirements are satisfied, any person may initiate the public sale of adjudicated property or property subject to a tax lien certificate held by a political subdivision by making a written request to the political subdivision and depositing an amount determined by the political subdivision to be sufficient to cover the expenses of the sale, including advertising, appraisals, and other costs associated with the sale.

            (2) Should the depositor at the sale fail to be the highest bidder, the money deposited shall be returned to him. However, if no one at the sale bids at least the minimum price established pursuant to this Subpart, the money shall be retained to pay the expenses of the sale, but any money remaining after the expenses are paid shall be returned to the depositor.

            C. Advertisement. With the exception of sales pursuant to R.S. 47:2202(D), a public sale pursuant to this Subpart shall be advertised twice in the official journal for the political subdivision, once at least thirty days prior to the date of the public sale, and once no more than seven days prior to the date of the public sale. The advertisement shall provide for the minimum bid, the latest date that written bids will be accepted, the time and date of in-person bidding, and any other terms of sale. However, if no minimum bid is set by the governing authority of the political subdivision, the advertisement shall include a statement that no minimum bid is set and that the sale shall be made to the highest bidder.

            Acts 2008, No. 819, §1, eff. Jan. 1, 2009; Acts 2010, No. 947, §1; Acts 2024, No. 774, §1, eff. Jan. 1, 2026; Acts 2025, No. 411, §1, eff. Jan. 1, 2026.



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