An Act for Community Institution Stabilization

This bill creates a legal framework to help preserve community buildings like churches, schools, and libraries when their current owners plan to sell or close. It grants current members and affiliates of these long-standing organizations a "Right of First Refusal," allowing them to purchase the property before it is sold to outsiders. If a sale cannot be arranged directly, the bill authorizes the appointment of a neutral "Special Community Trustee" to facilitate negotiations and ensure the building remains financially viable for continued community use. Municipal officials would be responsible for officially designating which structures qualify as community landmarks under this new law.