What's happening
This bill extends until December 31, 2019, the authorization for Middletown to sell or collect delinquent tax liens through private parties.
Why it matters
Extending this authorization allows Middletown to continue leveraging private parties for the sale or collection of delinquent tax liens, which can bring in immediate revenue and reduce the city’s financial risk from unpaid taxes.
Private collection or sale of tax liens can lead to faster and potentially more aggressive recovery of back taxes, directly impacting property owners who are behind on their payments.
By selling or pledging liens as collateral, Middletown can access funds more quickly than waiting for traditional tax collection processes, enabling the city to better manage its cash flow and budget for essential services.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
City of Middletown officials
The bill would extend through December 31, 2019, the city's authority to sell delinquent tax liens, pledge them as loan collateral or hire a private party to collect them.
Private lien buyers, lenders and collection firms
The extension would preserve opportunities to contract with Middletown to buy its delinquent liens, lend against them or collect them.
Middletown property owners with delinquent tax liens
The bill would extend the period during which the city could transfer their liens to private buyers or engage private collectors.
Headline styles
Extend Middletown Lien Law
Plain English, a few words. Used as the page title.
Sponsors
Senator · Senate District 42
No co-sponsors yet.
History
- Signed chap.391
- Delivered to governor
- Returned to senate
- Passed assembly
- Home rule request
- Ordered to third reading rules cal.612
- Substituted for A7851
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 60–0
- Home rule request
- Ordered to third reading cal.1803
Show 2 earlier actions
- Committee discharged and committed to rules
- 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.
Extend Middletown Lien Authority
Assembly Floor Calendar · Sponsor Aileen Gunther
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
6129
2017-2018 Regular Sessions
IN SENATE
May 11, 2017
Introduced by Sen. BONACIC -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations
AN ACT to amend chapter 510 of the laws of 2013, authorizing 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, in relation to the effectiveness thereof
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 3 of chapter 510 of the laws of 2013, authorizing 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, as amended by chapter 38 of the laws of 2016, is amended to read as follows:
§ 3. This act shall take effect immediately and shall expire and be deemed repealed on and after December 31, [2017] 2019.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11583-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend chapter 510 of the laws of 2013, authorizing 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, in relation to the effectiveness thereof
Purpose or general idea of bill
To extend the sunset for the authority of the City of Middletown to sell, or pledge as collateral for a loan, some or all of the delinquent tax liens held by the city until December 31, 2019.
Summary of specific provisions
Section 1:Amends section 3 of Chapter 510 of the Laws of 2013 to extend the sunset for the authority of the City of Middletown to sell, or pledge as collateral for a loan, some or all of the delinquent tax liens held by the city until December 31, 2019.
Section 2:Effective date.
Existing law
Currently the authority of the City of Middletown to sell, or pledge as collateral for a loan, some or all of the delinquent tax liens held by the city is set to expire on December 31, 2017.
Justification
This legislation simply extends for an additional two years existing authority of the City of Middletown which has provided the city with increased flexibility in dealing with delinquent tax liens.
Prior legislative history
New bill.
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.