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S3139Senate2015-2016 SessionSame asA6212

Relates to the village of Mastic Beach entering into contracts to sell delinquent tax liens

Sponsor Thomas CrociSD-3Affects Legal
Status
Senate Floor Calendar
Impact
Pending
Outcome
Companion signed

Bill progress

Signed via A6212

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Sponsors

Primary sponsor
Thomas Croci

Senator · Senate District 3

Chair, Veterans, Homeland Security And Military Affairs

No co-sponsors yet.

History

  1. Substituted by A6212A
  2. Amended on third reading 3139a
  3. Advanced to third reading
  4. 2nd report cal.
  5. 1st report cal.451
  6. Referred to judiciary

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.

A6212Assembly

Relates to the village of Mastic Beach entering into contracts to sell delinquent tax liens

Signed by Governor · Sponsor Dean Murray

Signed into law

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S3139A

Title of bill

An act to authorize the village of Mastic Beach 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; and providing for the repeal of such provisions upon expiration thereof

Purpose or general idea of bill

To expand the options available to the village of Mastic Beach to efficiently and effectively manage the collection of delinquent property taxes and to increase revenues to the village.

Summary of specific provisions

Sections One and Two permit the village of Mastic Beach, 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 village of Mastic Beach to enter into a contract to collect some or all of the delinquent tax liens held by such village 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 Three is the effective date.

Existing law

Any village incorporated after 1993 must request enacting legislation to enable the sale of delinquent tax liens to private parties.

Justification

This legislation was introduced at the request of the village of Mastic Beach. Similar legislation has been enacted for other municipalities, see Chapter 510 of the Laws of 2013 and S.6247 of 2014. The village of Mastic Beach has accumulated numerous liens and has decided that it is in their best interest to sell some of their tax liens to a private party.

Prior legislative history

S.6525 of 2014: Advanced to Third Reading

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.