Text: HSB00725                          Text: HSB00727
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House Study Bill 726

Bill Text

PAG LIN
  1  1    Section 1.  Section 360.9, Code 1999, is amended by
  1  2 striking the section and inserting in lieu thereof the
  1  3 following:
  1  4    360.9  DISPOSAL OF INTEREST IN REAL PROPERTY.
  1  5    1.  In disposing of any interest in real property including
  1  6 improvements on the real property, that is situated wholly
  1  7 outside of a city, is owned by a township, used for township
  1  8 purposes, and is no longer necessary for township purposes, by
  1  9 sale or exchange, by lease for a term of more than three
  1 10 years, or by gift, the township shall follow the following
  1 11 procedures, except as otherwise provided by state law:
  1 12    a.  The township trustees shall set forth their proposal in
  1 13 a resolution and shall publish notice of the time and place of
  1 14 a public hearing on the proposal at least once, not less than
  1 15 four nor more than twenty days before the date of the hearing,
  1 16 in one or more newspapers which meet the requirements of
  1 17 section 618.14.
  1 18    b.  After the public hearing, the township trustees may
  1 19 make a final determination on the proposal by resolution.
  1 20    2.  The township trustees shall not dispose of real
  1 21 property by gift except for a public purpose, as determined by
  1 22 the township trustees, in accordance with other state law.
  1 23 However, the township trustees may dispose of real property
  1 24 for use in an Iowa homesteading program under section 16.14
  1 25 for a nominal consideration.  
  1 26                           EXPLANATION
  1 27    This bill provides that a township disposing of an interest
  1 28 in real property shall first hold a public hearing on the
  1 29 proposed transaction, and then resolve the issue by resolution
  1 30 of the township trustees.  This procedure is similar to the
  1 31 procedures for disposal of interests in real estate by cities,
  1 32 under Code section 364.7, and counties, under Code section
  1 33 331.361.  The bill also places a limitation on disposal of the
  1 34 interest by gift, similar to those other Code sections.
  1 35    Current Code section 360.9 requires that before a township
  2  1 may dispose of property that is no longer needed, the real
  2  2 estate interest either reverts to the present owner of the
  2  3 land from which the tract was taken, if the owner pays the
  2  4 value of the property, or the township may sell the property
  2  5 at public auction.  The current Code section also provides for
  2  6 other related procedures and limitations on real estate
  2  7 transfers by the township.  
  2  8 LSB 6651YC 78
  2  9 jj/cf/24
     

Text: HSB00725                          Text: HSB00727
Text: HSB00700 - HSB00799               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

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