Illinois HB1571 establishes the Land Bank Authority Act to allow municipalities and counties to create land banks for managing vacant, abandoned, and.

Illinois HB1571, the Land Bank Authority Act, enables municipalities and counties to establish land banks to manage vacant, abandoned, and tax-delinquent properties. The Act allows land banks to be created through ordinances by home rule municipalities or counties, by intergovernmental cooperation agreements between multiple municipalities and counties, or by existing authority granted to counties, municipalities, or other taxing districts.

Illinois HB1571 establishes the Land Bank Authority Act to allow municipalities and counties to create land banks for managing vacant, abandoned, and.

Illinois HB1571, the Land Bank Authority Act, enables municipalities and counties to establish land banks to manage vacant, abandoned, and tax-delinquent properties. The Act allows land banks to be created through ordinances by home rule municipalities or counties, by intergovernmental cooperation agreements between multiple municipalities and counties, or by existing authority granted to counties, municipalities, or other taxing districts.