HB54 Alabama 2018 Session

The Alabama Land Bank Authority was created by Act 2009-738 for the purpose of acquiring tax delinquent, non-revenue generating properties in order to provide housing, promote commercial and economic development, and assemble parcels of real property for redevelopment and return to the tax roles of the State. To date, the Authority’s governing board has not been formed and, as a result, the Authority is unable to fulfill its intended purpose

This bill will require the Commissioner of the Department of Revenue to convene the first meeting of Alabama Land Bank Authority board

This bill will allow the Alabama Land Bank Authority to obtain the state’s interest in real property acquired as a result of its sale for delinquent state taxes of any type and retained in the state’s inventory for a period of five or more years

This bill will require the Land Bank Authority to provide notice of its intended action to dispose of property

To amend Sections 24-9-5, 24-9-6, 24-9-7, and 24-9-8 Code of Alabama 1975, to require the Commissioner of Revenue to convene the first meeting of the Land Bank Authority; to allow the authority to acquire the state’s interest in real property acquired as a result of its sale for delinquent state taxes of any type; to require the authority to provide notice of intention to dispose of property.