SB0292: Land banks.

Legislative Summary

Land banks. Requires a county executive to, before February 1, 2023, and by February 1 each year thereafter, provide a land bank in the county with a list of tracts located in the territory of the land bank that: (1) are delinquent on property taxes; and (2) have been offered for public sale at least two times and remain unsold; on an annual basis. Allows the county executive to transfer its interest in a tract on the list to a land bank if requested by the land bank not later than 90 days after it receives the list.