SB342 — Local land bank authorities; tax sale properties acquisitions; tax exemption for acquired properties; tax revenue allocation; conveyance to state and local governments under certain circumstances; creation of local land bank authorities authorized under certain conditions

SB342 — Local land bank authorities; tax sale properties acquisitions; tax exemption for acquired properties; tax revenue allocation; conveyance to state and local governments under certain circumstances; creation of local land bank authorities authorized under certain conditions · Informed CitizenrySB342 proposes to expand and modify the authority and procedures for local land bank authorities in Alabama. The bill would allow local land bank authorities to purchase tax-delinquent property at…Open in Informed Citizenry