Section 140.991 – Annual audit, when — performance audit, when.
Effective – 28 Aug 2019 140.991. Annual audit, when — performance audit, when. — 1. There shall be an annual audit of the affairs, accounts, expenses, and financial transactions of a land bank agency by a certified public accountant before April thirtieth of each year, which accountant shall be employed by the land bank agency […]
Section 140.997 – Meeting requirements.
Effective – 28 Aug 2019 140.997. Meeting requirements. — Except as otherwise provided under state law, the land bank agency meetings shall cause minutes and a record to be kept of all its proceedings. The land bank agency shall be subject to the provisions of chapter 109, chapter 610, and any other applicable provisions of […]
Section 140.981 – Land bank agency authorized, purpose — beneficiaries — public body corporate and politic.
Effective – 28 Aug 2019 140.981. Land bank agency authorized, purpose — beneficiaries — public body corporate and politic. — 1. Any home rule city with more than seventy-one thousand but fewer than seventy-nine thousand inhabitants may establish a land bank agency for the management, sale, transfer, and other disposition of interests in real estate […]
Section 140.982 – Organization, duties, and powers.
Effective – 28 Aug 2019 140.982. Organization, duties, and powers. — The governing body of the city establishing a land bank agency, or the chief administrative officer of the city establishing a land bank agency, shall have the power to organize and reorganize the executive, administrative, clerical, and other departments of the land bank agency […]
Section 140.983 – Powers of land bank agency.
Effective – 28 Aug 2019 140.983. Powers of land bank agency. — A land bank agency established under the land bank act shall have all powers necessary or appropriate to carry out and effectuate the purposes and provisions of the land bank act, including the following powers in addition to those herein otherwise granted: (1) […]
Section 140.984 – Agency income to be tax exempt — acquisition of property, requirements.
Effective – 28 Aug 2019 140.984. Agency income to be tax exempt — acquisition of property, requirements. — 1. The income of a land bank agency shall be exempt from all taxation by the state and by any of its political subdivisions. Upon acquiring title to any real estate, a land bank agency shall immediately […]
Section 140.980 – Citation of law — definitions.
Effective – 28 Aug 2019 140.980. Citation of law — definitions. — 1. Sections 140.980 to 140.1015 shall be known and may be cited as the “Land Bank Act”. 2. As used in sections 140.980 to 140.1015, the following terms mean: (1) “Ancillary parcel”, a parcel of real estate acquired by a land bank agency […]