A bill for an act relating to the creation of land redevelopment trusts.

SF 45, known as the "Iowa Land Redevelopment Trust Act," allows cities, counties, and townships to create independent land redevelopment trusts. These trusts are designed to acquire and manage dilapidated, abandoned, blighted, and tax-delinquent properties. The bill aims to help communities return these properties to productive use, with the goal of revitalizing areas, providing affordable housing, and attracting new industry. Each trust would be governed by a board of directors.