Provides for the creation of land banks. (BDR 22-799)

AN ACT relating to property; providing for the creation of governmental land banks and nongovernmental land banks; prescribing the membership and duties of the board of directors of a land bank; prescribing the powers of a land bank; exempting the real property, income and operations of a land bank from taxation through June 30, 2049; authorizing the Governor to create an emergency land bank by executive order under certain circumstances; and providing other matters properly relating thereto.