SB2677

Mississippi SB2677 establishes the "Mississippi Land Bank Act" to facilitate the return of vacant and abandoned properties to commerce.

Mississippi SB2677, the "Mississippi Land Bank Act," enables local governments to create land banks for managing vacant and abandoned properties. These land banks can acquire, develop, and dispose of property, and quiet and confirm title to property. The act outlines the powers of land banks, including entering into contracts, issuing bonds, and accepting tax-forfeited properties. It also details the creation, operation, and dissolution of land banks, including provisions for their establishment by local governments, either individually or cooperatively.