Missouri HB2898 modifies provisions for boards of directors of newly established land bank agencies.
Missouri HB2898 modifies provisions for boards of directors of newly established land bank agencies. The bill specifies the composition and appointment process for board members, including requirements for professional expertise and residency. It outlines the powers and duties of the board, such as approving bylaws, hiring staff, and managing the agency's budget. The bill also details the process for dissolving a land bank agency and the distribution of remaining funds.
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