SB510 HFA Cowles and Rohrbach 9-2 #1

Kidd 3357

Delegates Cowles and Rohrbach move to amend the bill on page 3, subsection 2, line 55, by striking the number “$100,000” and inserting in lieu the following: “$50,000”

And,

On page 4, line 80, following subsection 3,  by inserting the following language:

“(4) Effective July 1, 2025, the provisions of subdivisions (2) and (3) of this subsection shall sunset and have no further force and effect.

 (5) Prior to January 1, 2025, any land reuse agency or municipal land bank which exercises the authority granted by this subsection shall submit to the Joint Committee on Government and Finance a report on the entity’s activities related to the purchase of tax-delinquent properties and any benefits realized from the authority granted by this subsection.”

Adopted

Rejected