Find Bill
Find Your Legislator
Legislative Deadlines
June 19, 2024
RSS Feed Permanent URL -A +A

2021 Statute

Prev Article 59. - CITY LAND BANKSNext

12-5910.Same; use of money received from sale of property. (a) Except as provided in paragraph (b), any moneys derived from the sale of property by the bank shall be retained by the bank for the purposes and operations thereof.

(b) The board may use all or any part of the proceeds from the sale described in paragraph (a) to reimburse any municipality for delinquent special assessments due on such property.

History: L. 2009, ch. 120, § 10; July 1.

Prev Article 59. - CITY LAND BANKSNext
2024. Powered by KLISS. Rendered: 2024-06-19T21:23:39. Head Rev No: 893617(E)