PRIOR PRINTER'S NOS. 1228, 1562
PRINTER'S NO. 1756
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1163
Session of
2023
INTRODUCED BY SALISBURY, MADDEN, BRENNAN, SANCHEZ, HILL-EVANS,
BOROWSKI, KINKEAD, GALLAGHER, ABNEY, MULLINS, McANDREW,
TAKAC, FLEMING, SAMUELSON, WAXMAN, PIELLI, PISCIOTTANO,
SMITH-WADE-EL, PARKER, DONAHUE, T. DAVIS, PROBST, KAZEEM,
KHAN, MERSKI AND GREEN, MAY 18, 2023
AS AMENDED ON SECOND CONSIDERATION, HOUSE OF REPRESENTATIVES,
JUNE 27, 2023
AN ACT
Amending Title 68 (Real and Personal Property) of the
Pennsylvania Consolidated Statutes, in land banks, FURTHER
PROVIDING FOR ACQUISITION OF PROPERTY AND providing for
municipal acquisition of real property.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Title 68 of the Pennsylvania Consolidated
Statutes is amended by adding a section to read:
SECTION 1. SECTION 2109 OF TITLE 68 OF THE PENNSYLVANIA
CONSOLIDATED STATUTES IS AMENDED BY ADDING A SUBSECTION TO READ:
ยง 2109. ACQUISITION OF PROPERTY.
* * *
(I) JUST COMPENSATION.--A LAND BANK THAT ACQUIRES REAL
PROPERTY UNDER THIS SECTION SHALL PAY JUST COMPENSATION OF THE
APPRAISED VALUE OF THE REAL PROPERTY AT THE TIME OF THE TRANSFER
MINUS ANY FINES, LIENS OR REMEDIATION COSTS TO THE RECORD OWNER
OF THE REAL PROPERTY.
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