New Law Raises Threshold for Selling Borough Property

February 6th, 2020

Gov. Tom Wolf signed Act 4 of 2020 which increases the threshold from $1,500 to $6,000 the value of municipal real property below which a boroughneed not publicly advertise for bids when selling its real property.

Senate Bill 692, authored by Sen. Scott Hutchinson (R-Butler/Clarion) requires a borough  council, prior to selling real estate valued at $6,000 or less without advertisement or competitive bidding, to make a public announcement of the council's intention to sell the real estate at a regular or special meeting of the council at least 30 days prior to the sale.

The law takes effect April 6, 2020.

For more information on the bill, click here.