Bill Text: IN HB1249 | 2012 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Land banks and tax sales process.

Spectrum: Bipartisan Bill

Status: (Enrolled - Dead) 2012-03-16 - Signed by the Governor [HB1249 Detail]

Download: Indiana-2012-HB1249-Amended.html

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January 27, 2012

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HOUSE BILL No. 1249

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DIGEST OF HB 1249 (Updated January 25, 2012 7:04 pm - DI 75)

Citations Affected: IC 2-5.

Synopsis: Land banks. Establishes the land bank study committee (committee). Requires the committee to study: (1) the use and effectiveness of Indiana's current land bank statute; (2) issues relating to creation of land banks at the municipal level, as opposed to the county level; (3) the implications that land banks would have for Indiana's current tax sale process; (4) the effect of Indiana's current tax sale process on the disposition of vacant and abandoned property; (5) the effect that creation of municipal land banks would have for local revenues; (6) land bank issues unique to Marion County; and (7) other issues related to land banks. Provides that the committee expires January 1, 2014.

Effective: July 1, 2012.

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Clere, Burton , Riecken

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    January 9, 2012, read first time and referred to Committee on Local Government.
    January 26, 2012, amended, reported _ Do Pass.

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January 27, 2012

Second Regular Session 117th General Assembly (2012)

PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2011 Regular Session of the General Assembly.

HOUSE BILL No. 1249

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    A BILL FOR AN ACT to amend the Indiana Code concerning the general assembly.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 2-5-35; (12)HB1249.1.1. -->     SECTION 1. IC 2-5-35 IS ADDED TO THE INDIANA CODE AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2012]:
     Chapter 35. Land Bank Study Committee
    Sec. 1. As used in this chapter, "committee" refers to the land bank study committee established by section 2 of this chapter.
    Sec. 2. The land bank study committee is established.
    Sec. 3. The committee consists of the following members:
        (1) Four (4) members of the house of representatives appointed by the speaker. Not more than two (2) members appointed under this subdivision may be members of the same political party.
        (2) Four (4) members of the senate appointed by the president pro tempore. Not more than two (2) members appointed under this subdivision may be members of the same political party.
    Sec. 4. The chairman of the legislative council shall appoint the

committee's chair.
    Sec. 5. IC 2-5-1.2 applies to the committee.
    Sec. 6. The committee shall study the following:
        (1) The use and effectiveness of Indiana's current land bank statute.
        (2) Issues relating to creation of land banks at the municipal level, as opposed to the county level.
        (3) The implications that land banks would have for Indiana's current tax sale process.
        (4) The effect of Indiana's current tax sale process on the disposition of vacant and abandoned property.
        (5) The effect that creation of municipal land banks would have for local revenues.
        (6) Land bank issues unique to Marion County.
        (7) Other issues related to land banks.
    Sec. 7. This chapter expires January 1, 2014.