SB339 Alabama 2022 Session

Summary

Primary Sponsor

Linda Coleman-MadisonSenator

Democrat

Session

Regular Session 2022

Title

Land bank authorities, creation of local land bank authorities, acquisition of property, taxes and fees, coneyance, Secs. 29-4-11, 29-4-12 added; Secs. 24-9-4, 24-9-6, 24-9-10, 40-1-3, 40-10-1, 40-10-18, 40-10-29, 40-10-120, 40-10-184 am'd.

Summary

SB339 would expand and reorganize Alabama local land bank authorities to acquire, manage, and transfer tax-delinquent property for public uses like flood control, while changing funding and emergency-creation rules.

What This Bill Does

The bill allows the creation of multijurisdictional land bank authorities through intergovernmental agreements and lets them buy tax-delinquent property and tax liens. It provides a property tax exemption for land bank property, and permits local governments to allocate a portion of ad valorem taxes from land bank–conveyed property to the land bank for up to five years. It also authorizes conveyances of land bank property to state or local governments for floodplain management and stormwater work, and lets the Governor create a local land bank authority by executive order after a state of emergency, with a path to permanent formation or dissolution.

Who It Affects

• Local governments (counties and municipalities) that form or join local land bank authorities, and their residents, through new funding rules and expanded property acquisition powers.
• Property owners and lienholders of tax-delinquent properties, who may see shortened redemption periods, tender-based purchases, or transfers of property to land banks.
• State and local agencies and communities that benefit from floodplain management and stormwater projects funded or managed by local land banks, and taxpayers whose local ad valorem taxes may be shared with the land bank.

Key Provisions

• Creates multijurisdictional local land bank authorities via intergovernmental agreements and allows formation by counties and municipalities.
• Authorizes land banks to acquire tax-delinquent properties and tax liens, with procedures including tendering the minimum bid when there are no open market bids and purchasing at tax sales.
• Grants a property tax exemption for land bank authority property from taxes and fees.
• Allows up to 75 percent of ad valorem taxes from property conveyed to a land bank to be remitted to the land bank for five years, where permitted by local law or intergovernmental contracts.
• Permits land banks to convey property to state or local governments for floodplain management or stormwater drainage, with allowable forms of consideration.
• Empowers the Governor to create a local land bank authority by executive order after a state of emergency, with potential conversion to a standard local land bank authority or dissolution after 12 months.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Real Estate