2006 Nebraska Revised Statutes - § 77-3201 — Land Reutilization Authority; created; powers; purpose.

Section 77-3201
Land Reutilization Authority; created; powers; purpose.

(1) There may be created within each county an authority for the management, sale, transfer, and other disposition of tax-delinquent lands, which authority shall be known as the Land Reutilization Authority of the County of ................. . It shall have authority to accept the grant of any interest in real property made to it or to accept gifts and grant-in-aid assistance. The authority shall have and exercise all the powers conferred by the Land Reutilization Act necessary and incidental to the effective management, sale, transfer, or other disposition of real estate acquired under and by virtue of the foreclosure of the lien for delinquent real estate taxes, and in the exercise of its powers, the authority shall be deemed to be a public corporation acting in a governmental capacity and a political subdivision of this state.

(2) The authority shall foster the public purpose of returning land which is in a nonrevenue-generating nontax-producing status to effective utilization in order to provide housing, new industry, and jobs for the citizens of the county and new tax revenue for the county.

Source:

Laws 1973, LB 73, § 1

Laws 1980, LB 862, § 1

Laws 1997, LB 489, § 1

~Reissue Revised Statutes of Nebraska