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AL HB325
Bill
Status
2/9/2022
Primary Sponsor
John Rogers
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AI Summary
HB325 Summary
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Redefines "tax-delinquent property" to limit it to property that has active utility services, narrowing the scope of properties that land bank authorities can acquire.
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Requires the Land Commissioner to notify property owners of tax-delinquent properties requested by the authority or local authority and allow them to redeem the property by paying delinquent taxes in four equal payments over 30 months, plus assessed taxes as they become due.
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Mandates that all members of a local land bank authority's governing body must be residents of the local unit of government forming the authority at the time of appointment and during their entire term of service.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
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.
Alabama Land Bank Authority
Last Action
Read for the first time and referred to the House of Representatives committee on State Government
2/9/2022