Section 141.1003 – Same rights as private property owners.
Effective – 28 Aug 2012 141.1003. Same rights as private property owners. — Except as otherwise expressly set forth in this chapter, in the exercise of its powers and duties under this chapter and its powers relating to property held by the land bank agency, the land bank agency shall have complete control of such […]
Section 141.1006 – Encumbered ancillary property, taxes may be contributed to land bank agency by taxing authority.
Effective – 28 Aug 2012 141.1006. Encumbered ancillary property, taxes may be contributed to land bank agency by taxing authority. — 1. Whenever any ancillary parcel is acquired by a land bank agency and is encumbered by a lien or claim for real property taxes owed to a taxing authority, such taxing authority may elect […]
Section 141.1009 – Quiet title action, when, procedure.
Effective – 28 Aug 2012 141.1009. Quiet title action, when, procedure. — 1. A land bank agency shall be authorized to file an action to quiet title pursuant to section 527.150 as to any real property in which the land bank agency has an interest. For purposes of any and all such actions the land […]
Section 141.1012 – Dissolution, procedure.
Effective – 28 Aug 2012 141.1012. Dissolution, procedure. — A land bank agency may be dissolved as a public body corporate and politic not less than sixty calendar days’ after an ordinance or resolution for such dissolution is passed by the municipality that established the land bank agency. Not less than sixty calendar days’ advance […]
Section 141.1015 – Power of eminent domain or to tax not authorized.
Effective – 28 Aug 2012 141.1015. Power of eminent domain or to tax not authorized. — A land bank agency shall neither possess nor exercise the power of eminent domain. A land bank agency shall not have the power to tax. ——– (L. 2012 H.B. 1659 & 1116)
Section 141.985 – Name on property held — inventory to be available to public — policies and procedures — proceeds of sale, how distributed.
Effective – 28 Aug 2012 141.985. Name on property held — inventory to be available to public — policies and procedures — proceeds of sale, how distributed. — 1. A land bank agency shall hold in its own name all real property acquired by such land bank agency irrespective of the identity of the transferor […]
Section 141.988 – Funding sources — four percent fee to be transferred to county.
Effective – 28 Aug 2012 141.988. Funding sources — four percent fee to be transferred to county. — 1. A land bank agency may receive funding through grants and loans from political subdivisions, from the state, from the federal government, and from other public and private sources. 2. Except as otherwise provided in subsections 8 […]
Section 141.991 – Annual audit — performance audits, when.
Effective – 28 Aug 2012 141.991. Annual audit — performance audits, when. — There shall be an annual audit of the affairs, accounts, expenses, and financial transactions of a land bank agency by certified public accountants as of April thirtieth of each year, which accountants shall be employed by the commissioners on or before March […]
Section 141.994 – Issuance of bonds, requirements.
Effective – 28 Aug 2012 141.994. Issuance of bonds, requirements. — 1. A land bank agency shall have power to issue bonds, with approval of the municipality that created the land bank agency, for any of its corporate purposes, which bonds shall be special, limited obligations of the land bank agency, the principal of and […]
Section 141.997 – Open meetings required.
Effective – 28 Aug 2012 141.997. Open meetings required. — Except as otherwise provided under Missouri law, all board meetings shall be open to the public and the board 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 610, […]