Tax-forfeited lands settlement account established, money transferred, reports required, and money appropriated.

This law establishes a new account to manage funds related to a 2024 settlement regarding the state's retention of tax-forfeited lands and mineral rights. Counties that choose to participate must sell properties forfeited between 2012 and 2023 at auction or through brokers for at least their appraised value, keeping only a portion of the proceeds while sending the rest to the state. Counties that do not actively opt out by August 2024 are automatically considered participants, whereas those that remain non-participating retain full financial liability for claims related to properties forfeited before 2024. The bill also allocates $109 million to pay claims administrators and requires participating counties to submit regular reports on their sales efforts and results.