SB1218

SB 1218 amends Arizona Revised Statutes to revise the duties and procedures of trustees managing townsite lands.

SB 1218 amends several sections of Arizona Revised Statutes concerning townsite trustees. Trustees are required to execute bonds, keep detailed accounts, and file financial statements. Trustees must sell lots at public auction, with proceeds applied to sale expenses and any surplus to the governing body for public improvements. Trustees must also set aside sites for public purposes like schoolhouses and courthouses. The bill also outlines procedures for establishing right of preference for certain land parcels and the disposal of unclaimed lots.