SB 665 Signed re Ltrs of Admin Grant to Redev Authority

 
Press Release Source: Pennsylvania Office of the Governor

Governor Rendell Signs Bills
Wednesday November 29, 7:25 pm ET

Found online at: http://biz.yahoo.com/prnews/061129/law097.html?.v=67

HARRISBURG, Pa. /PRNewswire/ -- Governor Edward G. Rendell today signed
into law the following bills:
 
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Senate Bill 665, sponsored by Senator Dominic F. Pileggi (R-Chester/
Delaware), amends Title 20 (Decedents, Estates & Fiduciaries) by
permitting letters of administration to be granted to a redevelopment
authority. The letters may not be granted before 30 days following the
decedent's death. The bill says that a redevelopment authority which is
granted letters of administration will have the power to take, clear,
combine or transfer title to real property of the estate as necessary to
return such property to productive use, and upon payment of fair market
value of the property in its current state, to the estate.

The bill passed the House 191-0 and the Senate 49-0. The bill becomes
effective in 60 days.
Received on Thu Nov 30 2006 - 09:46:48 PST