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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A5208A
- Amended on third reading (t) 3183a
- Advanced to third reading
- 2nd report cal.
- 1st report cal.243
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Authorizes the city of Middletown to sell its delinquent tax liens to a private party
Signed by Governor · Sponsor Aileen Gunther
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to authorize the city of Middletown to enter into a contract to sell some or all of the delinquent tax liens held by such city to a private party; and providing for the repeal of such provisions upon expiration thereof
Purpose or general idea of bill
To expand the options available to the City of Middletown to efficiently and effectively manage the collection of delinquent property taxes.
Summary of specific provisions
Permits the City of Middletown, under enumerated circumstances, to enter into a contract to sell some or all of their delinquent tax liens to a private party. The contract must be entered into by December 31, 2009, and this authority sunsets on December 31, 2011. Provides "consumer protections" for affected property owners, including a requirement for thirty days notification, assurance that the existing redemption periods and interest rates remain unchanged, and imposition of the procedural requirements relating to foreclosure of a mortgage or tax lien sale by the Municipal Bond Bank Agency.
Existing law
Municipalities must request enacting legislation to enable the sale of delinquent tax liens to private parties.
Justification
This bill was introduced at the request of the City of Middletown, Orange County. This legislation will continue to provide Middletown with the same option which has been utilized by the other cities of Schenectady and Amsterdam in previous legislation.
Prior legislative history
This is a new bill for 2009.
Fiscal implications
None to the State.
Local fiscal implications
Should improve the fiscal status of the City of Middletown through an infusion of cash upon the sale of delinquent tax liens.
Effective date
Immediate, and expires on December 31, 2011.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.