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 practitioners from community land trusts and representatives from institutions of higher education. The members will elect a chairperson and vice chairperson, and they will not be eligible for reimbursement of expenses as per existing statutes.

The study committee is tasked with examining the economic and developmental barriers to the establishment of community land trusts and will propose potential solutions. A report detailing the committee's findings and recommendations must be submitted 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 Additionally, the section establishing the committee will be repealed after June 20, 2026, unless further action is taken.