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Sponsors
Senator · Senate District 42
No co-sponsors yet.
History
- Signed chap.510
- Delivered to governor
- Returned to senate
- Passed assembly
- Home rule request
- Ordered to third reading rules cal.336
- Substituted for A6731
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 62–1
- Home rule request
- Advanced to third reading
Show 3 earlier actions
- 2nd report cal.
- 1st report cal.841
- 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 enter into a contract to use delinquent tax liens as collateral for a loan
Assembly Floor Calendar · Sponsor Aileen Gunther
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5022 REVISED MEMO 06/03/2013
Title of bill
An act to authorize the city of Middletown to enter into a contract to sell or pledge as collateral for a loan some or all of the delinquent liens held by such city to a private party or engage a private party to collect some or all of the delinquent tax liens held by it
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 and to increase revenues to the city.
Summary of specific provisions
Sections 1 & 2.
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 and for the City of Middletown to enter into a contract to collect some or all of the delinquent tax liens held by such city to a private party. 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.
Section 3. Effective date.
Existing law
Municipalities must request enacting legislation to enable the sale of delinquent tax liens to private parties and the city was granted special legislation in 2009 (Chapter 104 of 2009).
Justification
This legislation was introduced at the request of the City of Middle- town. Similar legislation had been signed into law in 2009 (Chapter 104 of the Laws of 2009) but has since expired. Since that time, the City of Middletown has accumulated numerous liens and has decided that it is in their best interest to again sell their tax liens to a private party.
Prior legislative history
This is a new bill, however, similar legislation was signed into law in 2009 (Chapter 104 of the Laws of 2009).
Fiscal implications
None to the State.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.