36-7-38-22. Audits
Sec. 22. The state board of accounts shall audit the funds and accounts of a land bank as provided under IC 5-11-1-25. As added by P.L.211-2016, SEC.1.
36-7-38-23. Immunity From Civil Liability; Certain Environmental Damage
Sec. 23. A land bank may not be held liable for damages or subjected to equitable remedies for: (1) breach of a common law duty; (2) a violation of Indiana law; or (3) a violation of any order, permit, license, variance, or plan approval; concerning environmental damage to, or attributable to, a tract or item […]
36-7-38-9. Objectives
Sec. 9. (a) A land bank shall endeavor to acquire a diverse portfolio of properties to enable the land bank to dispose of diverse properties in diverse real estate markets in the county or municipal territory that the land bank serves and, thereby, generate revenue for the land bank in a sustainable manner. A land […]
36-7-38-10. Duties
Sec. 10. (a) A land bank shall do the following: (1) Maintain an inventory of real property held by the land bank. (2) Develop policies, guidelines, and procedures for the acquisition, redevelopment, and disposition of property by and from the land bank. The policies, guidelines, and procedures developed under this subdivision must be formulated in […]
36-7-38-11. Interlocal Agreements
Sec. 11. A land bank may: (1) enter into an interlocal agreement under IC 36-1-7 with another governmental entity; or (2) otherwise contract with another governmental entity in Indiana to perform services for the governmental entity. As added by P.L.211-2016, SEC.1.
36-7-38-12. Relation to the Unsafe Building Law
Sec. 12. (a) This subsection does not apply to a consolidated city. The legislative body of an eligible unit that has established a land bank under section 2 of this chapter may not rescind the ordinance that the legislative body adopted under IC 36-7-9-3, unless the land bank is first dissolved. (b) A land bank […]
36-7-38-13. Startup Inventory of Properties
Sec. 13. Within six (6) months after an eligible unit has established a land bank under this chapter, the eligible unit shall furnish the land bank with a list of real property: (1) that is located in the territory of the land bank; (2) for which the eligible unit holds: (A) a tax sale certificate […]
36-7-38-14. Agreements With Purchasers, Lessees, and Other Transferees
Sec. 14. (a) The land bank may, as a condition of the purchase, transfer, or lease, require a person to enter into an agreement that conditions the purchase, transfer, or lease on the person fulfilling one (1) or more of the following terms: (1) If the property is a dwelling, reside in the real property […]
36-7-38-15. Usual Procedures for Disposition of Property Not Applicable
Sec. 15. IC 36-1-11 does not apply to a sale, transfer, or lease of property by the land bank. As added by P.L.211-2016, SEC.1.
36-7-38-16. Prohibited Buyers; Delinquent Taxpayers
Sec. 16. (a) This section applies to the following: (1) A person who owes: (A) delinquent taxes; (B) special assessments; (C) penalties; (D) interest; (E) costs directly attributable to a prior tax sale, if the tax sale occurs before July 1, 2016; or (F) costs attributable to a prior tax sale or tax delinquency, if […]