This bill amends the Nebraska Municipal Land Bank Act by updating the provisions regarding which municipalities are authorized to create their own land banks. Specifically, it removes the requirement that only cities of the metropolitan class or primary class can establish a land bank, allowing any municipality to create one. Additionally, the bill clarifies that municipalities can join existing land banks through agreements under the Interlocal Cooperation Act, broadening the scope for collaboration among municipalities in managing vacant, abandoned, and tax-delinquent properties.

Furthermore, the bill outlines the composition and requirements for the boards of land banks created by single or multiple municipalities. It specifies that board members must possess relevant skills and expertise in various areas related to real estate and community development. The bill also introduces provisions for the removal of board members, allowing for a more structured process in cases of neglect or misconduct. Overall, these changes aim to enhance the effectiveness of land banks in revitalizing communities and managing properties more efficiently.

Statutes affected:
Introduced: 18-3404, 18-3405