This bill aims to amend the Code of West Virginia by removing the sunset provision that currently limits the right of first refusal for land reuse agencies and municipal land banks to acquire certain tax-delinquent properties. Specifically, it allows these entities to purchase qualifying tax-delinquent properties before they are offered at public auction, ensuring they can act on properties that meet specific criteria, such as having an assessed value of $50,000 or less or being on a municipality's vacant property registry for 24 months or longer.

The bill deletes the provisions that would have caused the right of first refusal to expire on July 1, 2025, and also removes the requirement for land reuse agencies or municipal land banks to submit a report on their activities related to the purchase of tax-delinquent properties before January 1, 2025. By eliminating these provisions, the bill seeks to provide ongoing support for land reuse efforts and enhance the ability of these agencies to manage and repurpose tax-delinquent properties effectively.

Statutes affected:
Introduced Version: 31-18E-9