36-7-39-4. Purposes of the Commission
Sec. 4. The commission is established to develop and implement plans and policies intended to achieve the following purposes in the development area: (1) Increase the per capita personal income relative to the national average. (2) Increase the population in the development area. (3) Increase postsecondary education and credential attainment among residents in the development […]
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 […]
36-7-39-5. Membership of the Commission
Sec. 5. (a) The commission consists of the following eleven (11) members: (1) Nine (9) members who serve two (2) year terms as follows: (A) Three (3) members appointed by the governor. The members appointed under this clause may not all be from the same political party. (B) One (1) member appointed by the speaker […]
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 […]
36-7-38-17. Prohibited Buyers; Unauthorized Foreign Business Associations
Sec. 17. (a) As used in this section, “foreign business association” means a corporation, professional corporation, nonprofit corporation, limited liability company, partnership, or limited partnership that is organized under the laws of another state or another country. (b) A foreign business association may not purchase, receive, or lease property from a land bank unless at […]
36-7-38-4. Boards Generally
Sec. 4. (a) A land bank is governed by a board of at least seven (7) and at most nine (9) directors. (b) A director of a land bank appointed under this section must have demonstrated competency in an occupation or discipline that is relevant to the primary purpose of a land bank. (c) Except […]
36-7-38-4.5. Boards of Land Banks Made Up of Two or More Eligible Units
Sec. 4.5. (a) This section applies to the board of a land bank established under section 2(b) of this chapter. (b) The interlocal agreement providing for the establishment of the land bank must specify: (1) subject to section 4(a) of this chapter, the number of directors of the board of the land bank; (2) any […]