HB325 Alabama 2022 Session

Sponsors

Session

Regular Session 2022

Title

Alabama Land Bank Authority, exempt certain property that may be acquired by a Land Bank Authority and allow redemption of property acquired by authority, Secs. 24-9-4, 24-9-6, 24-9-7, 24-9-10 am'd.

Description

<p class="bill_description"> Existing law provides for the creation of the Alabama Land Bank Authority or local land bank authorities 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</p><p class="bill_description"> This bill would redefine the term "tax-delinquent property" to limit it to property that has active utility services</p><p class="bill_description"> This bill would require the Land Commissioner to allow an owner of tax-delinquent property which has been requested by the authority or any local authority to redeem the property by paying the delinquent taxes in four payments within 30 months from the date of the notice, and paying the assessed tax on the property as it becomes due</p><p class="bill_description"> This bill would require each member of the governing body of a local authority to be a resident of the local unit of government forming the local authority at the time of appointment and while serving</p><p class="bill_entitled_an_act"> To amend Sections 24-9-4, 24-9-6, as amended by Act 2018-192, 2018 Regular Session, 24-9-7, and 24-9-10, Code of Alabama 1975, relating to the Alabama Land Bank Authority; to limit the definition of "tax-delinquent property" to property that has active utility services; to require the Land Commissioner to allow an owner of tax-delinquent property that has been requested by the authority or any local authority to redeem the property by paying the delinquent taxes in four payments within 30 months from the date of the notice and paying the assessed tax as it becomes due; and to require each member of the governing body of a local authority to be a resident and remain a resident of the local unit of government forming the local authority. </p>

Subjects

Alabama Land Bank Authority