SB 24-097 CO

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Introduced

Current law specifies that after the distraint sale of a mobile home to collect delinquent property taxes, any surplus proceeds from the sale must be credited to the county general fund. The bill modifies the distraint sale statute to require a public auction of the mobile home at a fixed fair minimum price with any surplus proceeds being paid to the owner, or any other person having established a legal right thereto, in order to bring state law into compliance with the United States supreme court's recent decision affirming a property owner's constitutional right to the value of their property in excess of their tax debt. The bill also extends the redemption period for the owner of a mobile home that is located on leased land or other land not owned by the owner from one year to 2 years.(Note: This summary applies to this bill as introduced.)

• Cleave Simpson Republican · primary
• Matthew Martinez Democratic · primary

1. Feb 29, 2024 Senate Committee on Local Government & Housing Postpone Indefinitely · upper
2. Jan 24, 2024 Introduced In Senate - Assigned to Local Government & Housing · upper