This bill amends the Code of West Virginia to enhance the acquisition processes for properties by urban renewal authorities and land reuse agencies. It stipulates that urban renewal authorities must hold title to all acquired real property in their own name and outlines various methods for property acquisition, including purchase contracts and transfers from municipalities or counties. Notably, the bill introduces provisions allowing land reuse agencies to convey property to urban renewal authorities without a redevelopment contract, provided the local governing body consents. Additionally, it establishes guidelines for the acquisition of tax-delinquent properties, granting urban renewal authorities and land reuse agencies the right of first refusal under specific criteria.

The bill also updates the reporting requirements for urban renewal authorities and land reuse agencies regarding their activities related to tax-delinquent properties. It mandates that these entities submit annual reports to the West Virginia Land Stewardship Corporation, which will compile and forward the information to the Joint Committee on Government and Finance. The previous requirement for adjacent property owners to be notified of tax-delinquent property acquisitions has been removed, streamlining the process for urban renewal authorities and land reuse agencies. Overall, the bill aims to improve the efficiency and effectiveness of property acquisitions and management by these agencies.

Statutes affected:
Introduced Version: 16-18-30, 31-18E-9