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Committee advances bill letting municipalities refer severely blighted properties to land banks with just-compensation process
Summary
House Bill 743 was reported as committed 15-11. Sponsors said the bill creates a referral pathway for severely blighted properties to land banks and provides a just-compensation framework after land-bank expenses; committee members debated a 5-year trigger and possible longer timelines.
The Housing & Community Development Committee reported House Bill 743 as committed by a 15-11 roll call. Prime sponsor Representative Salisbury said the bill would give municipalities an additional tool to return abandoned or severely blighted commercial and residential properties to productive use by referring eligible properties to a land bank for acquisition and disposition.
Representative Salisbury described scenarios in small…
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