Article 6 - Land Banks

Article 6 - Land Banks

§ 48-4-100. Short title; applicability
§ 48-4-101. Findings and declarations
§ 48-4-102. Definitions
§ 48-4-103. Creation; existence; board membership
§ 48-4-104. Initial size of board; continuation of land banks created before July 1, 2012; eligibility to serve; selection of chairperson and officers; governing rules and regulations; vacancies; compensation; meetings; quorum; adoption of bylaws; immunity from personal liability; voting
§ 48-4-105. Employment of executive director, legal counsel, technical experts, agents, and employees; contracts and agreements with localities for staffing services
§ 48-4-106. Powers; limitation or withdrawal of power by land bank member under certain circumstances
§ 48-4-107. Eminent domain
§ 48-4-108. Exemption of land bank property from state and local taxation; acquisition of real property interests; land bank prohibited from owning or holding real property located outside geographical boundaries
§ 48-4-109. Land bank to hold acquired property in own name; public review and inspection of real property inventory; consideration necessary for property transactions; hierarchical ranking of priorities for use
§ 48-4-110. Funding through grants and loans; receipt of payments for various activities; remission of real property tax; allocation of proceeds from sale of property
§ 48-4-111. Public meetings; conflicts of interest; dissolution
§ 48-4-112. Extinguishment of prior encumbrances, liens, and claims for real property taxes owed; remission to tax collector; tax collector authorized to assign, transfer, or sell to land bank certain ad valorem tax executions; content of notice of transfer; nonjudicial tax sale

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