SB326 Summary

• Expands the Alabama Land Bank Authority's purpose to include rehabilitating tax-delinquent properties and removing blight while providing housing, industry, and economic development opportunities.

• Removes the minimum date requirement from the definition of "tax-delinquent property," making any property with unpaid taxes eligible regardless of how long taxes have been unpaid.

• Requires majority board approval for all authority actions and grants civil immunity to board members and the authority for decisions made in good faith based on available information.

• Designates the authority as a public body corporate with power to hold property sold for delinquent taxes, allow property redemption, and repeal/rescind unpaid state taxes upon property sale or disposition.

• Limits authority ownership of tax-delinquent property to 10 years, after which title reverts to the municipality or county; establishes procedures for extinguishing redemption rights including personal service, certified mail, newspaper publication, and property signage requirements.