This bill proposes the establishment of the community land trusts study committee, which will consist of seven members appointed by various legislative leaders, including the speaker of the house, the president of the senate, and the minority leaders of both chambers. The committee will include two additional members selected by the initial appointees, specifically a community land trust practitioner and a representative from an institution of higher education in the state. The committee will elect its own chairperson and vice chairperson and will not be eligible for expense reimbursement under existing statutes.

The primary function of the study committee will be to investigate the economic and developmental barriers to establishing community land trusts and to propose potential solutions. The committee is required to submit a report detailing its findings and recommendations by December 31, 2025, to key state officials, including the governor and legislative leaders. Additionally, the section establishing the committee will be repealed after June 20, 2026, unless further action is taken.