Events requiring repayment of loans - notice to state treasurer
(1) All loans for deferred real property taxes, including accrued interest, shall become payable subject to sections 39-3.5-111 and 39-3.5-112 when:
(a)The taxpayer who claimed the tax deferral dies;#
(a) The taxpayer who claimed the tax deferral dies;
(b)The property on which the taxes were deferred is sold…#
(b) The property on which the taxes were deferred is sold or becomes subject to a contract of sale, or title to the property is transferred to someone other than the taxpayer who claimed the tax deferral;
(c)The property is no longer the homestead of the taxpayer…#
(c) The property is no longer the homestead of the taxpayer who claimed the deferral, except in the case of a taxpayer required to be absent from such tax-deferred property by reason of ill health or because the property is uninhabitable as a result of natural causes;