SB 403
Provides for distribution of net proceeds from sale of property upon which county foreclosed lien for delinquent taxes to each lienholder whose interest in property was forfeited, and to any person other than lienholder whose right of redemption with respect to such property terminated, when property was deeded to county.
| Status | In Senate Committee (SFR) |
| Requested by | (at the request of Oregon Property Owners Association) |
| Sponsors | Floyd Prozanski (Democrat) (Chief) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
The bill establishes procedures for distributing net proceeds from the sale of property foreclosed for delinquent county taxes to lienholders and other parties with terminated redemption rights.
Sponsors#
Chief Sponsors: Floyd Prozanski
Overview#
Provides for distribution of net proceeds from sale of property upon which county foreclosed lien for delinquent taxes to each lienholder whose interest in property was forfeited, and to any person other than lienholder whose right of redemption with respect to such property terminated, when property was deeded to county. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-11 | S | Introduction and first reading. Referred to President's desk. |
| 2021-01-19 | S | Referred to Finance and Revenue. |
| 2021-06-26 | S | In committee upon adjournment. |