Land banks; authorize counties and municipalities to create to convert certain property to productive use.

An Act To Create The "land Bank Act" To Facilitate The Conversion Of Vacant, Abandoned Or Land Struck Off To The State Into Productive Use; To Authorize The Creation Of Municipal And County Land Bank Authorities And To Authorize Counties And Municipalities To Create Joint Land Bank Authorities; To Provide The Powers And Duties Of Such Authorities; To Authorize Such Authorities To Acquire And Dispose Of Property; To Provide An Expedited Procedure To Confirm And Quiet Title To Property Acquired By Such Authorities; To Authorize Authorities Created Under This Act To Enter Into Intergovernmental Agreements For Certain Purposes; To Authorize Counties And Municipalities To Create Local Land Bank Authorities To Borrow Money And Issue Bonds And Notes; And For Related Purposes.