South Dakota SB209 authorizes the creation of land banks to manage and redevelop real property.

South Dakota SB209 establishes the framework for creating land banks, nonprofit entities tasked with managing and redeveloping real property. These land banks can be established by political subdivisions, including counties, municipalities, and school districts. The bill outlines the process for creating a land bank, including the establishment of a district, the formation of a board, and the acquisition and management of real property.

South Dakota SB209 authorizes the creation of land banks to manage and redevelop real property.

South Dakota SB209 establishes the framework for creating land banks, nonprofit entities tasked with managing and redeveloping real property. These land banks can be established by political subdivisions, including counties, municipalities, and school districts. The bill outlines the process for creating a land bank, including the establishment of a district, the formation of a board, and the acquisition and management of real property.