Bill > SB2679

This bill, known as the "Mississippi Land Bank Act," establishes a framework for local governments in Mississippi to create land banks, which are public entities designed to address the problem of vacant and abandoned properties that are not contributing to the local economy. These land banks, which can be formed by individual local governments or cooperatively, will have the authority to acquire, manage, redevelop, and dispose of such properties. Key powers granted to land banks include the ability to clear titles to properties, establish financing structures for redevelopment (including utilizing tax credits), issue bonds, and accept tax-forfeited properties from the Secretary of State. The act aims to provide local governments with the necessary tools to return blighted properties to productive use, thereby strengthening the state's economy and communities.

Government Affairs

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2679.xml