AN ACT RELATING TO PROPERTY -- ABANDONED PROPERTY

This bill modifies the state's abandoned property laws to allow for the sale of buildings and properties that have been declared public nuisances, with specific provisions for installing energy storage systems. When a court orders the sale of such properties, it can require the buyer to install an energy storage system as a condition of the sale, and these systems would be automatically permitted under local zoning rules without additional environmental reviews. The legislation also establishes a priority system for distributing sale proceeds, giving preference to buyers who commit to affordable housing, owner-occupancy restrictions, or energy storage installation. These changes apply to properties under receivership where public nuisance abatement has been completed or approved, affecting municipalities, receivers, and potential property buyers.