{"id":28459,"date":"2020-08-11T18:17:43","date_gmt":"2020-08-12T00:17:43","guid":{"rendered":"http:\/\/update.legislature.ne.gov\/?p=28459"},"modified":"2020-08-16T18:34:31","modified_gmt":"2020-08-17T00:34:31","slug":"land-bank-opportunities-expanded","status":"publish","type":"post","link":"https:\/\/update.legislature.ne.gov\/?p=28459","title":{"rendered":"Land bank options expanded"},"content":{"rendered":"

A bill that broadens the potential use of land banks in Nebraska passed Aug. 11.<\/p>\n

\"Sen.
Sen. Dan Quick<\/figcaption><\/figure>\n

LB424, introduced by Grand Island Sen. Dan Quick, allows any municipality in Nebraska to join an existing land bank\u2014a tax-exempt political subdivision that acquires, manages and develops vacant and tax-delinquent properties\u2014under the Nebraska Municipal Land Bank Act.<\/p>\n

Metropolitan and primary class cities are allowed to create stand-alone land banks under the bill.<\/p>\n

Among other provisions, LB424 also:
\n\u2022 prohibits a land bank from issuing bonds;
\n\u2022 prevents a land bank from investing in a property that financially could benefit a board member, their businesses or their immediate family members;
\n\u2022 limits the total number of parcels that a land bank may own;
\n\u2022 requires a land bank to issue an annual report to the Legislature;
\n\u2022 prevents a land bank from receiving property tax revenue from an agreement under the Joint Public Agency Act; and
\n\u2022 allows an entity that creates or joins a land bank to withdraw from the agreement by a two-thirds vote of the governing body.<\/p>\n

Sen. Steve Erdman of Bayard offered a motion on final reading to bracket LB424 until the end of the legislative session. He said the bill would take privately held land and give it to a governmental entity.<\/p>\n

Lincoln Sen. Matt Hansen supported the bill, which he said would enable political subdivisions to make a property more attractive to real estate developers.<\/p>\n

\u201cThis is an opportunity for some of these really problem properties to be addressed,\u201d Hansen said.<\/p>\n

After approximately an hour of discussion, Quick offered a motion to invoke cloture, which ends debate on a bill. Lawmakers voted 33-12 to invoke cloture. Thirty-three votes were needed. Senators then rejected the bracket motion and passed LB424 on a 31-12 vote.<\/p>\n","protected":false},"excerpt":{"rendered":"

A bill that broadens the potential use of land banks in Nebraska passed Aug. 11.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[23],"tags":[181],"class_list":["post-28459","post","type-post","status-publish","format-standard","hentry","category-urban-affairs","tag-sen-dan-quick"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/28459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28459"}],"version-history":[{"count":6,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/28459\/revisions"}],"predecessor-version":[{"id":28568,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/28459\/revisions\/28568"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}