Local land bank authorities; shorten tax sale redemption period; restrictions on geographic scope; creation of multijurisdictional land banks by agreement; Governor's emergency authorization to create land bank

SB 204 would change how Alabama's local land banks handle properties with unpaid taxes. It shortens the redemption period for tax-delinquent properties to one year (allowing land banks to obtain deeds after this period), removes the requirement for public notice before selling land, and exempts land bank properties from local property taxes. The bill also allows multiple counties to create shared land banks through agreements, gives local governments authority to transfer properties for flood management, and permits the Governor to create land banks during emergencies. These changes primarily affect local land banks, county governments, and property owners facing tax sales.