Mississippi Land Bank Act to create land banks for blighted or abandoned properties.
The Mississippi Land Bank Act establishes land banks to return blighted or abandoned properties to commerce. Local governments can create land banks by resolution, with powers to acquire, develop, and dispose of property. Land banks can issue bonds, enter contracts, and perform title curative measures. The act outlines procedures for land bank creation, operation, and dissolution, emphasizing the public purpose of redeveloping problem properties.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.