Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 13, 2013 |
signed chap.510 |
Nov 01, 2013 |
delivered to governor |
Jun 18, 2013 |
returned to senate passed assembly home rule request ordered to third reading rules cal.336 substituted for a6731 |
Jun 05, 2013 |
referred to ways and means delivered to assembly passed senate home rule request |
Jun 04, 2013 |
advanced to third reading |
Jun 03, 2013 |
2nd report cal. |
May 30, 2013 |
1st report cal.841 |
May 06, 2013 |
referred to investigations and government operations |
Senate Bill S5022
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2013-S5022 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6731
- Law Section:
- Taxation
2013-S5022 (ACTIVE) - Sponsor 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
2013-S5022 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5022 2013-2014 Regular Sessions I N S E N A T E May 6, 2013 ___________ Introduced by Sen. BONACIC -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations 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 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any provision of any general, special or local law to the contrary, the city of Middletown may enter into a contract to sell some or all of the delinquent tax liens held by it to a private party, subject to the following conditions: (a) The consideration to be paid for a sale of the delinquent tax liens held by it may be more or less than the face amount of the tax liens sold. (b) Property owners shall be given at least 30 days advance notice of sale in the same form and manner as is provided by subdivision 2 of section 1190 of the real property tax law. Failure to provide such notice or the failure of the addressee to receive the same shall not in any way affect the validity of any sale of a tax lien or tax liens or the validity of the taxes or interest prescribed by law with respect thereto. (c) The city of Middletown shall set the terms and conditions of the contract of sale or loan. (d) The tax lien purchaser must 30 days prior to the commencement of any foreclosure action provide to the city of Middletown a list of liens to be foreclosed. The city of Middletown may, at its sole option and discretion, repurchase a lien or liens on the foreclosure list from the tax lien purchaser. The repurchase price shall be the amount of the lien or liens plus any accrued interest and collection fees incurred by the EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10323-01-3
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