2018 Code of Alabama
Title 24 - HOUSING.
Chapter 9 - ALABAMA LAND BANK AUTHORITY.
Section 24-9-6 - Acquisition of tax delinquent properties.
(a) The authority may, as such times as it deems to be appropriate, submit a written request to the Land Commissioner of the Alabama Department of Revenue for the transfer of the state's interest in certain tax delinquent properties to the authority. Upon receipt of such request, the Land Commissioner shall issue a tax deed conveying the state's interest in the property to the authority. The authority shall not be required to pay the amount deemed to have been bid to cover delinquent taxes or any other amount in order to obtain the tax deed.
(b) Delinquent property which may be transferred by the Land Commissioner to the authority shall be limited to parcels which have been sold to the state pursuant to Chapter 10 of Title 40 for at least five years.
(c) 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 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.
(d) Nothing contained in Act 2013-249 shall be construed to grant any power of eminent domain to the authority or any local authority.
(Act 2009-738, p. 2203, §6; Act 2010-727, p. 1818, §1; Act 2013-249, p. 610, §1.)
