Louisiana Revised Statutes 33:4712.10 – Purchase of immovable property by political subdivisions; appraisal required
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Terms Used In Louisiana Revised Statutes 33:4712.10
- Appraisal: A determination of property value.
Notwithstanding any other provision of law to the contrary, no political subdivision shall purchase immovable property with a value greater than three thousand dollars unless prior to such purchase the property has been appraised by a qualified appraiser. No such appraisal shall include the value of improvements proposed to be made to the property after purchase by the political subdivision.
Acts 2007, No. 346, §1.