Amends TCA Title 29, Chapter 20 and Title 67, Chapter 5.
Under present law, whenever Hardeman County acquires property at a tax sale, a nongovernmental entity holding a vested and duly recorded contractual right to the payment of fees or assessments secured by such property retains such right. However, the entity may only enforce such contractual rights against the county through the exercise of its lien rights against the property. Hardeman County is liable for the payment of the fees and assessments if the county makes actual use of the property purchased at the tax sale.<br /> <br /> This bill applies the provisions above to Cumberland County.<br />
Under present law, whenever Hardeman County acquires property at a tax sale, a nongovernmental entity holding a vested and duly recorded contractual right to the payment of fees or assessments secured by such property retains such right. However, the entity may only enforce such contractual rights against the county through the exercise of its lien rights against the property. Hardeman County is liable for the payment of the fees and assessments if the county makes actual use of the property purchased at the tax sale.<br /> <br /> This bill applies the provisions above to Cumberland County.<br />
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