Section 26-37-302 - Payment required(a) To redeem a tax-delinquent parcel with the county collector or the Commissioner of State Lands or to purchase a tax-delinquent parcel at the Commissioner of State Lands' sale, the redeemer or purchaser of the tax-delinquent parcel shall pay all delinquent taxes, plus: (1) Ten percent (10%) simple interest for each year of delinquency;(2) A ten percent (10%) penalty for each year of the delinquency; and(3) The costs incurred by the county and the Commissioner of State Lands.(b) The penalties and interest shall accrue beginning on October 16 in the year of delinquency.(c) Payment to redeem a tax-delinquent parcel under this section shall be made by cash or certified funds, including without limitation a credit card, debit card, electronic check, escrow check, money order, cashier's check, or certified bank check if the redemption occurs: (1) Within thirty (30) days before the date of the scheduled tax-delinquent property auction; or(2) Within thirty (30) days before the sale date of the tax-delinquent parcel under bid in an unsold-property auction.(d) The Commissioner of State Lands may approve additional forms of payment by promulgation of rule.Amended by Act 2023, No. 241,§ 2, eff. 3/9/2023.Amended by Act 2019, No. 762,§ 2, eff. 7/24/2019.Amended by Act 2017, No. 152,§ 2, eff. 8/1/2017.Amended by Act 2013, No. 574,§ 2, eff. 8/16/2013.Acts 1983, No. 626, § 1; A.S.A. 1947, § 84-1126; Acts 1987, No. 814, § 5; 2011, No. 864, § 1.