Bills › 88th General Assembly
Where it is now
- Done: IntroducedJanuary 14, 2020
- Done: SubcommitteeJanuary 15, 2020
- Done: Senate committeeFebruary 24, 2020
- Skipped: Passes the SenateContinued as SF 2369
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 2369 → Its progress continues under the new number. Go to SF 2369 What’s a funnel?
What’s in it
This bill provides for the establishment of land banks. Division I of the bill authorizes one or more municipalities to establish a land bank as a method to return dilapidated, abandoned, blighted, and tax-delinquent properties in their communities to economically productive status. An established land bank is a public agency for the purpose of joint exercise of governmental powers, a governmental body for purposes of public meetings requirements of Code chapter 21, and a government body for purposes of public records requirements of Code chapter 22.
Read the full explanation
Land banks are subject to periodic examination by the auditor of state under Code chapter 11. The bill sets membership requirements and term limits for a board of directors of a land bank, including interests that shall be represented on the board. The bill requires the board to establish bylaws relating to governance of the land bank. Division I of the bill grants a land bank various powers and duties, including the authority to acquire properties through certain procedures such as issuing a trump bid, which shall be for all delinquent taxes owed on a property, at a tax sale. However, the bill explicitly prohibits a land bank from possessing or exercising the power of eminent domain. The bill establishes financing procedures that govern land banks, including allowing to be remitted to the land bank up to percent of real property taxes collected on a real property conveyed by a land bank that remains after the division of taxes for an urban renewal area and exclusive of any amount levied by a school district for five consecutive assessment years. The bill provides procedures for removing encumbrances on acquired property, including the extinguishing of tax liens. The bill requires a land bank to make monthly and annual reports to the governing body that created the land bank and submit an annual report to the general assembly. The bill provides procedures for disposing of property that is acquired by the land bank. The bill also provides procedures for dissolving a land bank. Division II of the bill makes changes throughout the Code to conform with land bank procedures established in Division I of the bill.
Senate subcommittee
Named January 15, 2020. On January 22, 2020 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Creates§358A.1§358A.10§358A.11§358A.12§358A.13§358A.14§358A.15§358A.16§358A.17§358A.18§358A.2§358A.3§358A.4§358A.5§358A.6§358A.7§358A.8§358A.9
Lobbying
13 for · 1 against · 18 undecided · Who →
Family tree
88th General Assembly
Picked up later
Earlier and later bills are matched by wording or an identical title.
Similar bills
- SF 100 Relating to the creation of land banks89th General Assembly · Renumbered as SF 590Nearly identical
- HSB 124 HSB 12490th General Assembly · Renumbered as HF 665Similar
- HF 1008 Relating to the creation of land redevelopment trusts91st General Assembly · Passed HouseSimilar
- SF 144 Relating to the creation of land redevelopment trusts91st General Assembly · In committeeSimilar
- HF 2246 Relating to the creation of land redevelopment trusts90th General Assembly · In committeeSimilar
Matched by wording or an identical title.