SB 1894

Bill Subjects

Abstract

Municipal Land Banks; Authorizing one or more municipalities to create a land bank; specifying types of property a land bank may acquire with an automatically accepted bid; providing requirements for the purchase, transfer, inspection of records, and sale of real property held by a land bank; authorizing a land bank to issue specified types of bonds and providing requirements; providing a mechanism for a land bank to acquire real property that is auctioned off as part of a foreclosure, etc.