senate Bill S1732

Authorizes the city of Utica to enter into a contract to sell some or all of the delinquent tax liens held by such city

download pdf

Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
view actions

actions

  • 05 / Feb / 2009
    • REFERRED TO CITIES
  • 12 / May / 2009
    • 1ST REPORT CAL.299
  • 13 / May / 2009
    • 2ND REPORT CAL.
  • 18 / May / 2009
    • ADVANCED TO THIRD READING
  • 19 / May / 2009
    • SUBSTITUTED BY A1204

Summary

do you support this bill?

Bill Details

See Assembly Version of this Bill:
A1204
Versions:
S1732
Legislative Cycle:
2009-2010
Law Section:
Utica, City of

Sponsor Memo

BILL NUMBER: S1732

TITLE OF BILL :
An act to authorize the city of Utica 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 :
To expand the options available to the City of Utica to efficiently
and effectively manage the collection of delinquent property taxes.


SUMMARY OF PROVISIONS :
Permits the City of Utica, 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 :
This measure is an extension of Chapter 45 of the Laws of 2007

JUSTIFICATION :
This bill was introduced at the request of the City of Utica, Oneida
County. This legislation will continue to provide Utica with the same
option which has been utilized by the nearby cities of Schenectady and
Amsterdam in previous legislation.

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 Utica through an
infusion of cash upon the sale of delinquent tax liens.

EFFECTIVE DATE :
Immediate, and expires on December 31, 2011.
view bill text
The Bill text is not available.

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.