SB293 Alabama 2020 Session

Summary

Session

Regular Session 2020

Title

Land Bank Authority, local land bank authorities, municipalities, and counties, tax delinquent properties, Secs. 24-9-6, 24-9-7, 24-9-8, 24-9-10 am'd.

Summary

It expands Alabama’s land bank system by easing transfer thresholds, removing sale-proceeds distributions, and enabling more local land banks to manage tax-delinquent properties.

What This Bill Does

It lets the Land Commissioner transfer tax-delinquent property to the Alabama Land Bank Authority after at least three years (instead of five) of the property being bid in and the state's interest being held for at least three years. It also removes mandatory rules about how sale proceeds from land bank properties are distributed. It allows municipalities or counties with 100+ delinquent properties to form local land bank authorities and grants them broader powers to manage, develop, and dispose of property, including title clearance actions and intergovernmental agreements.

Who It Affects

• Municipalities or counties with 100+ delinquent properties within a municipality, who can form local land bank authorities and gain new powers
• Tax-delinquent property owners, lien holders, school districts, and other taxpayers in areas with delinquent properties, who may see changes in transfer rules, proceeds distribution, and title actions

Key Provisions

• Lower the transfer threshold for tax-delinquent properties from five years to three years and reduce the required holding period for the state's interest to three years, enabling faster transfer to the Land Bank Authority.
• Eliminate the distribution requirements for sale proceeds from land bank activities and authorize formation of local land bank authorities for municipalities/counties with 100+ delinquent properties, granting broader powers (property management, leasing, development plans, intergovernmental agreements, and quiet title actions).

AI-generated summary using openai/gpt-5-nano on Feb 23, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Land Bank Authorities