Monday, April 7, 2014

Rep. Adams Announces Passage of Bill Impacting Ohio Land Banks

COLUMBUS—State Representative Richard Adams (R-Troy) has announced that the Ohio House of Representatives passed Senate Bill 172, which modifies laws regarding land reutilization programs and property tax foreclosures.

Regarding its passage, Adams, released the following statement:

“Senate Bill 172 modifies state law to increase the efficiency and decrease the cost of acquiring abandoned properties into a land bank through tax foreclosure, while also protecting the constitutional rights of owners and lien holders. This legislation will begin to address the harmful effects that blighted, vacant and abandoned properties have on our communities. After thoroughly vetting the bill in both the Senate and House chambers, I was pleased to see the favorable passage.”

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