AN ACT relating to land bank authorities. Amend KRS 65.350 to clarify definition of "party" or "parties" and add definition of "local government lien"; amend KRS 65.355 to allow acquisition of blighted properties consistent with KRS 99.705; amend KRS 65.365 to allow use of electronic mail instead of postal services; amend KRS 65.370 to incorporate properties acquired through local government liens, and clarify that agreements may provide a purpose for the acquisition, extinguish certain property tax claims upon acquisition, assign proceeds of disposition to the authority, assign 50% of subsequent ad valorem taxes to the authority for 5 years; amend KRS 65.375 to make a technical amendment to language.