HB 2237 Summary

• Allows home rule cities with more than 400,000 inhabitants located in more than one county to establish a land bank agency to manage tax delinquent lands and return them to productive use for housing, industry, and jobs

• Permits courts to transfer tax delinquent real estate directly to the land bank agency via court administrator's deed instead of requiring a sheriff's foreclosure sale

• Establishes a three-member land bank commission appointed by the school district, city mayor, and county, with authority over tax delinquent lands within the charter county where the city is located

• Authorizes the land bank agency to inventory, classify, manage, lease, sell, and exchange tax delinquent properties with proceeds distributed to pay agency expenses and then to taxing authorities proportionally based on tax amounts levied

• Imposes criminal penalties (2-5 years imprisonment) for land bank commissioners or employees who receive unauthorized compensation or profit from land sales and transactions