Revises oversight of "Community Wealth Preservation Program" and requirements for nonprofit community development corporations.

The bill revises oversight of the "Community Wealth Preservation Program" and requirements for nonprofit community development corporations. It mandates that sheriff's offices provide information about the program on their websites and in other advertising mediums. The bill also revises requirements for nonprofits that independently bid on foreclosed residential properties and revises fines and enforcement provisions for nonprofits and successful individual bidders that fail to meet the requirements of the "Community Wealth Preservation Program." The bill additionally includes new reporting.

Revises oversight of "Community Wealth Preservation Program" and requirements for nonprofit community development corporations.

The bill revises oversight of the "Community Wealth Preservation Program" and requirements for nonprofit community development corporations. It mandates that sheriff's offices provide information about the program on their websites and in other advertising mediums. The bill also revises requirements for nonprofits that independently bid on foreclosed residential properties and revises fines and enforcement provisions for nonprofits and successful individual bidders that fail to meet the requirements of the "Community Wealth Preservation Program." The bill additionally includes new reporting.