senate Bill S1732

Signed By Governor
2009-2010 Legislative Session

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

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Archive: Last Bill Status Via A1204 - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 09, 2009 signed chap.62
May 29, 2009 delivered to governor
May 27, 2009 returned to assembly
passed senate
home rule request
May 19, 2009 3rd reading cal.299
substituted for s1732
May 19, 2009 substituted by a1204
May 18, 2009 advanced to third reading
May 13, 2009 2nd report cal.
May 12, 2009 1st report cal.299
Feb 05, 2009 referred to cities

Votes

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S1732 - Bill Details

See Assembly Version of this Bill:
A1204
Law Section:
Utica, City of

S1732 - Bill Texts

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view 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.
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