LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington, Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 7097 NOTE PREPARED: Jan 9, 2022
BILL NUMBER: HB 1367 BILL AMENDED:
SUBJECT: Land Banks.
FIRST AUTHOR: Rep. Errington BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED: GENERAL IMPACT: Pending
DEDICATED
FEDERAL
Summary of Legislation: The bill makes various changes to the statutes governing land banks that concern
certain land bank powers, objectives, and duties. It provides (except in a county containing a consolidated
city) that only a majority of directors appointed to the board of a land bank must be residents of the county,
second class city, or third class city. It provides, in the case of a land bank created by an interlocal agreement,
that only a majority of the members of the board of the land bank must be residents of the applicable eligible
units that establish the land bank.
The bill provides that a land bank may establish advisory committees composed of specified community
members to consult with and advise the land bank on: (1) properties within the territory of the land bank that
are imposing the greatest harm on residents and neighborhoods; (2) resident and neighborhood priorities for
new uses of land bank properties; and (3) options for potential transferees of land bank properties. It
provides, subject to certain limitations, that a land bank may use an interlocal agreement to establish
processes to improve the quality of title and marketability of property the land bank owns to extinguish any
liens that exist on the property. It provides that, if a land bank enters into an interlocal agreement, any
employees of an eligible unit who may be contracted to provide staffing services to the land bank pursuant
to the interlocal agreement retain their status as public employees of the eligible unit.
The bill requires a county executive to provide a land bank in the county with a list of tracts located in the
territory of the land bank that: (1) are delinquent on property taxes; and (2) have been offered for public sale
at least two times and remain unsold; on an annual basis. It requires the county executive to transfer its
interest in a tract on the list to a land bank if requested by the land bank not later than 90 days after it receives
the list.
HB 1367 1 Effective Date: July 1, 2022.
Explanation of State Expenditures: As of the above date, the fiscal analysis of this bill has not been
completed. Please contact the Office of Fiscal and Management Analysis for an update of this fiscal impact
statement.
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected:
Local Agencies Affected:
Information Sources:
Fiscal Analyst: Heather Puletz, 317-234-9484.
HB 1367 2