Section 24-9-1 – Short Title.

Section 24-9-1 Short title. This chapter shall be known and may be cited as the Alabama Land Bank Authority Act. (Act 2009-738, p. 2203, §1.)

Section 24-9-10 – Incorporation of Local Authority.

Section 24-9-10 Incorporation of local authority. (a) If the number of tax delinquent properties in a municipality exceeds 100, then the governing body of a municipality may adopt a resolution declaring that it is wise, expedient, and necessary that a local authority be formed by the municipality by the filing for record of a certificate […]

Section 24-9-2 – Purpose.

Section 24-9-2 Purpose. The Alabama Land Bank Authority is hereby created for the purpose of acquiring tax delinquent properties in order to foster the public purpose of rehabilitating land which is in a nonrevenue-generating, nontax-producing status to an effective utilization status in order to provide housing, new industry, new commercial and economic development, other productive […]

Section 24-9-3 – Eminent Domain.

Section 24-9-3 Eminent domain. The authority does not have the power of eminent domain. (Act 2009-738, p. 2203, §3.)

Section 24-9-4 – Definitions.

Section 24-9-4 Definitions. When used in the chapter, the following words shall have the following meanings: (1) AGREEMENT. The intergovernmental cooperation agreement entered into between an authority and a local authority by the parties pursuant to this chapter. (2) AUTHORITY. The Alabama Land Bank Authority. (3) BOARD. The Alabama Land Bank Authority Board. (4) LOCAL […]

Section 24-9-5 – Alabama Land Bank Authority Board.

Section 24-9-5 Alabama Land Bank Authority Board. (a) There is created the Alabama Land Bank Authority Board which shall govern the authority to administer and enforce this chapter. (b) The board shall consist of the following members: (1) Four residents of the state appointed by the Governor. (2) Two representatives from nonprofit organizations engaged in […]

Section 24-9-6 – Acquisition of Tax Delinquent Properties.

Section 24-9-6 Acquisition of tax delinquent properties. (a) The authority, at such times as it deems to be appropriate, may submit a written request to the Land Commissioner of the Alabama Department of Revenue for the transfer of the state’s interest in certain properties to the authority. Upon receipt of such request, the Land Commissioner […]

Section 24-9-7 – Disposition of Tax Delinquent Properties.

Section 24-9-7 Disposition of tax delinquent properties. (a) The authority shall adopt rules for the disposition of property in which the authority holds a legal interest, which rules shall address the conditions set forth in this section. (b) The authority may manage, maintain, protect, rent, repair, insure, alter, convey, sell, transfer, exchange, lease as lessor, […]

Section 24-9-8 – Quiet Title and Foreclosure Action.

Section 24-9-8 Quiet title and foreclosure action. (a) The authority may initiate a quiet title action under this section to quiet title to real property held by the authority or interests in tax delinquent property held by the authority by undertaking the examination of title as required in subsection (b) and thereafter filing the petition […]

Section 24-9-9 – Applicability of Chapter.

Section 24-9-9 Applicability of chapter. This chapter shall not apply to property owned, operated, or used by utilities engaged in the generation, transmission, or distribution of electricity. (Act 2009-738, p. 2203, §9.)