Louisiana HB515: PROPERTY/IMMOVABLE: Authorizes a political subdivision to sell certain adjudicated property directly to a buyer (EN SEE FISC NOTE LF RV See Note)

What the bill says

An act To amend and reenact R.S. 47:2202(D), relative to sales of adjudicated property; to provide for procedures by which political subdivisions may sell adjudicated property; to authorize the direct sale of certain adjudicated property without public bidding; to provide for conditions and requirements; and to provide for related matters.

From the introduced text:

AN ACT To amend and reenact R.S. 47:2202(D), relative to sales of adjudicated property; to provide for procedures by which political subdivisions may sell adjudicated property; to authorize the direct sale of certain adjudicated property without public bidding; to provide for conditions and requirements; and to provide for related matters. Be it enacted by the Legislature of Louisiana: Section 1. R.S. 47:2202(D) is hereby amended and reenacted to read as follows: §2202. Minimum bid prices; sale of adjudicated property; sale of tax lien held by the political subdivision; sale of immovable property to enforce a tax lien held by a political subdivision; direct sales * * * D.(1) Notwithstanding the provisions of Subsection A of this Section, the governing authority of each political subdivision may allow an adjoining landowner to purchase adjudicated property for any price set by the governing authority without public bidding at a public meeting of the governing authority; provided, that the governing authority of an applicable political subdivision determines that the adjoining landowner has maintained the adjudicated property for a period of one year prior to the sale. Such a sale shall be deemed a public sale under the provisions of this Subpart. Page 1 of CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 26RS-853 ORIGINAL HB NO. …

Read the full official text

Sponsors

• Marcelle, Denise (D, 61) · primary sponsor
• Bryant, Marcus (D, 96)
• Hebert, Troy (R, 31)
• Henry, Chance (R, 42)
• Jackson, Steven (D, 2)

Latest actions

1. May 27, 2026: Effective date: 08/01/2026.
2. May 27, 2026: Becomes Act No. 401 without the Governor's signature.
3. May 13, 2026: Sent to the Governor for executive approval.
4. May 13, 2026: Signed by the President of the Senate.
5. May 12, 2026: Enrolled and signed by the Speaker of the House.
6. May 11, 2026: Received from the Senate without amendments.
7. May 11, 2026: Read by title, passed by a vote of 36 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
8. April 29, 2026: Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.
9. April 28, 2026: Read by title and referred to the Legislative Bureau.
10. April 27, 2026: Reported favorably.

Votes

• Senate Vote on HB 515, FINAL PASSAGE (#720) (May 11, 2026): 36 yea, 0 nay, passed
• House Vote on HB 515, FINAL PASSAGE (#428) (April 13, 2026): 85 yea, 0 nay, passed

Common questions

What is HB515?

HB515 is a bill in the Louisiana Legislature (2026 Regular Session): PROPERTY/IMMOVABLE: Authorizes a political subdivision to sell certain adjudicated property directly to a buyer (EN SEE FISC NOTE LF RV See Note).

What does HB515 do?

In its own words: An act To amend and reenact R.S. 47:2202(D), relative to sales of adjudicated property; to provide for procedures by which political subdivisions may sell adjudicated property; to authorize the direct sale of certain adjudicated property without public bidding; to provide for conditions and requirements; and to provide for related matters.

What is the status of HB515?

Chaptered as of May 27, 2026. Latest action: Effective date: 08/01/2026. (May 27, 2026).

Who sponsored HB515?

Marcelle, Denise (D, 61), with 4 co-sponsors.

Where is the official record for HB515?

On the Louisiana Legislature website: https://legis.la.gov/legis/BillInfo.aspx?s=26RS&b=HB515