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MS HB727
Bill
Status
Failed
2/3/2026
Primary Sponsor
Earle Banks
Click for details
AI Summary
- Authorizes Mississippi counties and municipalities to create land bank authorities to acquire, manage, and dispose of vacant, abandoned, or tax-delinquent properties struck off to the state
- Grants land banks broad powers including borrowing money, issuing bonds, entering contracts, accepting grants, and employing staff, while prohibiting them from levying taxes, using eminent domain, or assisting casino development
- Establishes an expedited judicial process to confirm and quiet title to properties held by land banks, with required notice to property interest holders by certified mail, posting on property, and newspaper publication
- Exempts land bank property, income, and operations from all state and local taxation, and allows property transfers to land banks to be recorded without fees
- Requires land banks to adopt ethics codes, disclose conflicts of interest, inventory all properties, and notify the Department of Environmental Quality if properties may have environmental contamination
Legislative Description
Land banks; authorize counties and municipalities to create to convert certain property to productive use.
Last Action
Died In Committee
2/3/2026
Committee Referrals
County Affairs1/16/2026
Full Bill Text
No bill text available