SB2679

Establishes the Mississippi Land Bank Act to facilitate the return of blighted or abandoned properties to commerce.

The Mississippi Land Bank Act allows local governments to create land banks to manage vacant and abandoned properties. These land banks can acquire, develop, and dispose of property to return it to productive use. The act outlines the powers of land banks, including the ability to issue bonds, enter into contracts, and quiet title to property. It also specifies the creation, operation, and dissolution of land banks, including the role of the board of directors and the Governor's authority to create a land bank in the event of a natural disaster.