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OH SB188
Bill
Status
10/20/2009
Primary Sponsor
Shannon Jones
Click for details
AI Summary
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Expands eligibility for counties to organize land reutilization corporations to include counties with populations greater than 100,000 or between 78,000 and 81,000 (previously limited to counties over 1.2 million).
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Allows county treasurers in counties with land reutilization corporations to use an alternative redemption period in foreclosure actions on abandoned lands, with equity of redemption terminated after the alternative period expires.
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Permits foreclosed parcels to be transferred directly to municipal corporations, townships, counties, school districts, or land reutilization corporations without appraisal or sale, free and clear of liens.
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Changes the board composition of land reutilization corporations from "at least five" to "five, seven, or nine" members and removes requirement for approval by municipal chief executive officers.
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Immunizes county land reutilization corporations from liability for damages or equitable remedies related to breach of common law duty or violations of environmental and building codes in connection with acquired parcels.
Legislative Description
To authorize a county with a population greater than 100,000, or a population between 78,000 and 81,000, to organize a county land reutilization corporation, to authorize a county treasurer of a county with such a corporation to utilize the alternative redemption period in actions to foreclose abandoned lands, and to immunize a county land reutilization corporation from liability for breach of a common law duty in connection with a parcel of land.
County land reutilization corporations- organization/redemption period/immunity
Last Action
To Ways & Means & Economic Development
10/20/2009