MI HB4626

Authorizes land bank authorities to enter intergovernmental agreements with the Michigan Economic Development Corporation and Michigan State Housing Development Authority to jointly exercise powers and provide economic development and redevelopment services.

Allows counties, cities, townships, and villages to transfer tax-reverted property to land bank authorities through intergovernmental agreements for title clearance, property disposition, and related activities.

Enables county foreclosing governmental units and qualified cities to create county or local land bank authorities through intergovernmental agreements with the state authority, with specific governance requirements including odd-numbered boards and treasurer representation.

Permits qualified cities to transfer tax-delinquent and tax-reverted property to local authorities, with authority to operate independently without city governing body approval unless specifically reserved.

Establishes a complaint and oversight process allowing the state department to suspend an authority's power to purchase tax-reverted property if violations are found, with appeal rights to circuit court and attorney fee provisions.