(1) The initial public auction held pursuant to this article 11.5 must be scheduled for no less than thirty calendar days nor more than sixty calendar days after the date of mailing the notice of public auction.
(2) If a public auction is conducted electronically, a bid must be increased electronically in increments incorporated in an electronic program used by the treasurer to conduct the electronic auction up to the maximum bid if one or more third parties submit competing bids for the property.
Source: L. 2026: Entire article R&RE, (SB 26-144), ch. 135, p. 635, § 53, effective June 1.