Title 48, Chapter 4, Section 61
(a) One or more cities and the county containing such cities may
enter into an interlocal cooperation agreement, or a consolidated
government may adopt a resolution, for the purpose of establishing a
land bank authority pursuant to this article.
(b) The authority shall be a public body corporate and politic with
the power to sue and be sued, to accept and issue deeds in its name,
and to institute quia timet actions and shall have any other powers
necessary and incidental to carry out the powers granted by this
(c) The authority shall be established to acquire the tax delinquent
properties of the parties in order to foster the public purpose of
returning land which is in a nonrevenue-generating, nontax-producing
status to an effective utilization status in order to provide
housing, new industry, and jobs for the citizens of the county. The
authority shall have the powers provided in this article and those
necessary and incidental to the exercise of such powers.
(d) Any authority established pursuant to this article may be
dissolved by any party to the agreement or by resolution of a
consolidated government or, where multiple cities are involved, any
city may withdraw from the agreement which established the
authority, or such authority may be dissolved by local Act of the
(e) An authority whose parties form a consolidated government after entering into an interlocal cooperation agreement shall thereafter operate under and be governed by the provisions of this article applicable to authorities of consolidated governments as if created by resolution of a consolidated government. The board governing such an authority shall be reconstituted by resolution of the consolidated governments in conformity with the provisions of subsection (a) of Code Section 48-4-62 prior to the first meeting of such board subsequent to the effective date of consolidation of the party governments.