SB 1089 - This act provides that land bank agencies may be established in any city with more than 1,500 inhabitants or in any noncharter county other than Buchanan and Franklin counties. Upon request by any city with less than 1,500 inhabitants in a noncharter county other than Buchanan and Franklin counties or any unincorporated community located in a noncharter county other than Buchanan and Franklin counties, the county commission shall establish such land bank agency.
A city that establishes a land bank agency may establish such agency by ordinance, resolution, or rule. Any county that establishes a land bank agency shall establish such agency by ordinance, resolution, or rule. A land bank agency established by a city shall not own any interest in real estate located in whole or in part in the city.
The governing body of the city or county, or the chief administrative officer of the city, shall have the power to organize and administer the duties of the departments and employees of the land bank agency.
This act is identical to HB 2177 (2022).
MARY GRACE PRINGLE