18-3413 – Board; minutes; record; meetings; public records; reports.
18-3413. Board; minutes; record; meetings; public records; reports. (1) The board shall cause minutes and a record to be kept of all its proceedings. Meetings of the board shall be subject to the Open Meetings Act. (2) All of a land bank’s records and documents shall be considered public records for purposes of sections 84-712 […]
18-3414 – Land bank; dissolution; procedure; notice; assets.
18-3414. Land bank; dissolution; procedure; notice; assets. A land bank may be dissolved sixty calendar days after a resolution of dissolution is approved in accordance with this section. For a land bank created pursuant to subsection (1) of section 18-3404, the resolution of dissolution must be approved by two-thirds of the members of the governing […]
18-3415 – Conflicts of interest; board; duties.
18-3415. Conflicts of interest; board; duties. (1) No member of the board or employee of a land bank shall acquire any interest, direct or indirect, in real property of the land bank, in any real property to be acquired by the land bank, or in any real property to be acquired from the land bank. […]
18-3416 – Taxes or special assessments; lien or claim; discharge and extinguishment; procedure; remit payments to county treasurer.
18-3416. Taxes or special assessments; lien or claim; discharge and extinguishment; procedure; remit payments to county treasurer. (1) Whenever any real property is acquired by a land bank and is encumbered by a lien or claim for real property taxes or special assessments owed to one or more political subdivisions of the state, the land […]
18-3417 – Sale of property for nonpayment of taxes; land bank; power to bid; purchase of tax sale certificate; apply for tax deed or foreclose lien.
18-3417. Sale of property for nonpayment of taxes; land bank; power to bid; purchase of tax sale certificate; apply for tax deed or foreclose lien. (1)(a) At any sale of real property for the nonpayment of taxes conducted pursuant to sections 77-1801 to 77-1863, a land bank may: (i) Bid on such real property in […]
18-3418 – Sale of property as part of foreclosure proceedings; land bank; powers.
18-3418. Sale of property as part of foreclosure proceedings; land bank; powers. (1)(a) At any sale of real property conducted as part of foreclosure proceedings under sections 77-1901 to 77-1941, a land bank may: (i) Bid on such real property in an amount that the land bank would be willing to pay for such real […]
18-3409 – Exemption from taxation.
18-3409. Exemption from taxation. The real property of a land bank and the land bank’s income and operations are exempt from all taxation by the state or any political subdivision thereof. Source Laws 2013, LB97, § 9; R.S.Supp.,2018, § 19-5209; Laws 2020, LB424, § 9.
18-3410 – Land bank; hold property in own name; inventory; consideration for transfer of property; form; powers; priorities for use; limits on certain dispositions.
18-3410. Land bank; hold property in own name; inventory; consideration for transfer of property; form; powers; priorities for use; limits on certain dispositions. (1) A land bank shall hold in its own name all real property acquired by the land bank irrespective of the identity of the transferor of such property. (2) A land bank […]
18-3411 – Land bank; funding; real property taxes collected on conveyed property; allocation; notice to county treasurer; when required.
18-3411. Land bank; funding; real property taxes collected on conveyed property; allocation; notice to county treasurer; when required. (1) A land bank may receive funding through grants and loans from the municipality or municipalities that created the land bank, from other municipalities, from the state, from the federal government, and from other public and private […]
18-3412 – Land bank; bonds; issuance; procedure; negotiable instruments; tax exempt; liability; termination of power to issue bonds.
18-3412. Land bank; bonds; issuance; procedure; negotiable instruments; tax exempt; liability; termination of power to issue bonds. (1) Subject to subsection (7) of this section, a land bank shall have the power to issue bonds for any of its corporate purposes, the principal and interest of which are payable from its revenue generally. Any of […]