Bill > SB2677

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 acquire, manage, and redevelop vacant and abandoned properties that are currently out of use and negatively impacting communities. These land banks can be formed by individual local governments or cooperatively by multiple governments, and they are granted broad powers to facilitate the return of these blighted properties to productive commerce. This includes the ability to acquire property, clear titles, demolish or rehabilitate structures, and dispose of properties through various means, potentially including financing mechanisms like issuing bonds. The act also outlines the structure and governance of these land banks, including the composition and duties of their boards of directors, and establishes rules for their operations, ethics, public meetings, and record-keeping, while also providing for their dissolution and specific provisions for land bank creation following a natural disaster.

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https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2677.xml