50-1406. DISPOSAL OF LAND ACQUIRED BY FORECLOSURE — EXCESS PROCEEDS. Should real property be acquired as the result of a foreclosure of any improvement lien, or where a deed has been made and executed by the owner to the city in satisfaction of an improvement lien, and thereafter bring more than is assessed against the same, together with costs and expenses, then the proceeds shall be paid to the owner if his address is known, otherwise, to be placed in the improvement fund for the benefit of which the property was impressed with the lien.
History:
[50-1406, added 2001, ch. 331, sec. 7, p. 1163.]
Structure Idaho Code
Title 50 - MUNICIPAL CORPORATIONS
Chapter 14 - CONVEYANCE OF PROPERTY
Section 50-1401 - REAL PROPERTY OWNED BY CITIES — METHOD OF CONVEYANCE OR EXCHANGE.
Section 50-1402 - DECLARATION OF VALUE OF PROPERTY.
Section 50-1403 - DISPOSITION AFTER HEARING.
Section 50-1404 - TERMS OF SALE.
Section 50-1405 - CONVEYANCE — DISPOSITION OF PROCEEDS.
Section 50-1406 - DISPOSAL OF LAND ACQUIRED BY FORECLOSURE — EXCESS PROCEEDS.
Section 50-1408 - DISPOSAL OF LAND ACQUIRED BY FORECLOSURE — EXCESS PROCEEDS.