On the Introduced bill, delete everything after the enacting clause and insert:
"
Section 1. That § 43-45-3 be AMENDED:
43-45-3. A homestead:
(1) As defined and limited in chapter 43-31, is absolutely exempt; or
(2) In the event
such
the
homestead is sold under the provisions of chapter 21-19, or is sold
by the owner voluntarily, the proceeds of
such
the
sale, not exceeding the sum of
sixty
one hundred
thousand dollars,
is
are
absolutely exempt for a period of one year after the receipt of
such
the
proceeds by the owner. If the homestead is divided by court order
pursuant to § 25-4-44 and a lien is imposed on the
homestead for the benefit of the nonoccupant spouse pursuant to
§ 25-4-42, absence from the homestead and loss of title to
the homestead pursuant to the court order,
does
do not
constitute forfeiture of the homestead exemption,
and homestead protection
shall
must
attach to the judicial lien for a period of one year.
Such
The
exemption
shall be
is
limited to one hundred seventy thousand dollars for a homestead of a
person seventy years of age or older or the unremarried surviving
spouse of such person so long as it continues to possess the
character of a homestead.
"