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Session Laws, 1999
Volume 796, Page 3048   View pdf image
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(iii) If the sale cannot be completed on that day, the collector shall
continue the sale as determined by the collector and announced to the bidders at the
sale until all property included in the sale is sold.

(2) All sales shall be at public auction to the person who makes the
highest good faith accepted bid, in fee or leasehold, as the case may be.

(3) (i) The collector shall retain any common law or other authority
normally granted to an auctioneer conducting a public auction and may refuse to
accept bids that are not made in good faith.

(ii) The collector may delegate this authority to an auctioneer.

(4) The conduct of the sale shall be according to terms set by the
collector, and published with a reasonable degree of specificity in the public notice of
the tax sale, to ensure the orderly functioning of the public auction and the integrity
of the tax sale process, including requirements that potential bidders:

(i) establish their eligibility for bidding by presenting evidence of
the legal existence of the bidding entity that is satisfactory to the collector;

(ii) limit their representation at a tax sale to no more than a single
agent per bidding entity; and

(iii) refrain from any act, agreement, consent, or conspiracy to
suppress, predetermine, rig, or fix the bidding at the sale.

(5) (i) If determined by the collector to be in the best public interest
and included in the required public notice of the sale, the collector may solicit and
accept bids from the highest bidder for any group of properties to be sold at the tax
sale.

(ii) 1. Upon the request of any individual or group, the collector
may remove any individual property or properties from a group of properties to be
sold at the tax sale.

2. Upon the request of the property owner at least 15 days
before the date of the tax sale, the collector shall remove any individual property or
properties from a group of properties to be sold at the tax sale.

(iii) The collector shall provide notice to the potential bidders of any
alterations to a group of properties at the time the bidders become known.

(iv) The collector may conduct the sale of a group of properties
under this paragraph by a sealed bid process.

(V) THE COLLECTOR SHALL ESTABLISH A HIGH-BID PREMIUM
UNDER SUBSECTION (B)(2) OF THIS SECTION FOR ALL PROPERTIES TO BE SOLD:

1. IN GROUPS; OR

2. BY SEALED BID PROCESS.

 

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Session Laws, 1999
Volume 796, Page 3048   View pdf image
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