2012 Code of Alabama
Title 24 - HOUSING.
Chapter 9 - ALABAMA LAND BANK AUTHORITY.
Section 24-9-6 - Acquisition of tax delinquent properties.
(a) In the event that the local governing body, city, or county elects to participate in the program under this chapter by entering into an intergovernmental cooperation agreement with the authority, the authority shall hold in its name any tax delinquent properties within the territorial jurisdiction of the local governing body which have been sold to the state upon expiration of a five-year period from the date of the sale of the property for delinquent taxes, at which time a tax deed conveying the state's interest in the property shall be issued to the authority by the Alabama Department of Revenue. The governing body of the municipality within which the delinquent properties are located can reclaim, or in the event the property is not within the corporate limits of any municipality, the county can reclaim the tax delinquent properties held by the authority in its name, at any time, in which event the authority shall convey title to the municipality or county. Neither the authority nor any local government shall be required to pay the amount deemed to have been bid to cover delinquent taxes or any other amount.
(b) Eligible delinquent property shall be limited to parcels with at least five years of tax delinquency.
(c) To be eligible to purchase tax delinquent properties from the authority, purchasers must, within two years from the date of the transfer deed, redevelop or sell or donate the property to another entity for redevelopment; otherwise, the property will revert to the authority. The deed from the authority to the purchaser shall contain such reversionary clause.
(d) The authority shall administer tax delinquent properties acquired by it as follows:
(1) All tax delinquent property acquired by the authority shall be inventoried and the inventory shall be maintained as a public record.
(2) The authority shall organize and classify such properties on the basis of suitability for use.
(3) The authority shall have the power to manage, maintain, protect, rent, lease, repair, insure, alter, sell, trade, exchange, or otherwise dispose of any tax delinquent property on terms and conditions determined in the sole discretion of the authority.
(Act 2009-738, p. 2203, §6; Act 2010-727, p. 1818, §1.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
