SB209

SB209 creates a new legal framework allowing South Dakota counties, cities, school districts, and other local governments to establish land banks—nonprofit organizations that can acquire and manage abandoned, blighted, or vacant properties to return them to productive use. Each local government that creates a land bank must do so through an ordinance that defines the geographic district, names the land bank, and establishes a board of 5-11 members to oversee it. This new law essentially gives local communities a tool to address problem properties in their areas by creating dedicated nonprofit entities to handle their acquisition and redevelopment.

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