House Bill 1988, also known as Senate Bill 2052, amends Tennessee Code Annotated, Title 13, Chapter 30, to expand the criteria for municipalities and counties eligible to establish land banks. The bill introduces two new subdivisions to Section 13-30-103(4): subdivision (H) specifies that a municipality with a population between 166,700 and 166,800, based on the 2020 or a subsequent federal census, qualifies; and subdivision (I) states that a county with a population between 220,000 and 220,100, according to the same census criteria, is also eligible.

This legislation aims to enhance the ability of certain municipalities and counties to create land banks, which are entities designed to manage and repurpose vacant, abandoned, or tax-delinquent properties. The act is set to take effect immediately upon becoming law, emphasizing the importance of addressing land management and urban development needs in Tennessee.

Statutes affected:
Introduced: 13-30-103(4), 13-30-103