SB 1195 – Modifies provisions relating to land trust conveyances

• Sponsor: Wheeler
• LR Number: 4838S.01I
• Committee: Economic Development, Tourism & Local Government
• Last Action: 3/7/2006 - Second Read and Referred S Economic Development, Tourism & Local Government Committee
• Journal Page: S403
• Effective Date: August 28, 2006

Current Bill Summary

SB 1195 - This act allows land trusts to convey real estate to a nonprofit organization, urban homestead agency, or government agency for housing purposes at less than two thirds of the appraised value without the consent of the appointing authorities.

JASON ZAMKUS