What's happening
This bill extends until December 31, 2021, Middletown's authority to sell or pledge delinquent tax liens to private parties.
Why it matters
Extending the city’s ability to sell or pledge tax liens gives Middletown continued access to immediate cash flow. , which can help the city fund essential services without waiting for long-delayed tax payments.
Allowing private parties to collect or buy tax liens might accelerate the collection process. , potentially resulting in faster resolution of unpaid taxes but also placing increased pressure on property owners who are delinquent.
This extension could impact homeowners and businesses with overdue taxes. by exposing them to private collection practices, which can sometimes be more aggressive than municipal efforts, possibly resulting in increased foreclosures or loss of property.
The measure reflects the city’s ongoing need for flexible financial tools. , suggesting ongoing fiscal challenges or a consistent backlog of unpaid property taxes that city leaders feel require outside intervention to address.
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Who cares
City of Middletown officials
The bill would extend through December 31, 2021, the city's authority to sell delinquent liens, pledge them as loan collateral or hire a private party to collect delinquent tax liens.
Private lien buyers, lenders and collection firms
The extension would preserve opportunities to buy the city's delinquent liens, accept them as collateral or collect delinquent tax liens for the city.
Middletown property owners with delinquent tax liens
The bill would continue the city's authority to transfer their liens to private parties or engage private collectors rather than letting that authority expire on December 31, 2019.
Headline styles
Extend Middletown Tax Lien Law
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to rules
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 Law
In Assembly Committee · Ways And Means · Sponsor Aileen Gunther
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
6432
2019-2020 Regular Sessions
IN SENATE
June 11, 2019
Introduced by Sen. METZGER -- read twice and ordered printed, and when printed to be committed to the Committee on Rules
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 391 of the laws of 2017, 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, [2019] 2021.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13278-01-9
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
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, 2021.
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, 2021.
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, 2019.
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.