senate Bill S6525A

2013-2014 Legislative Session

Relates to the village of Mastic Beach entering into contracts to sell delinquent tax liens

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Archive: Last Bill Status - In Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2014 committed to rules
Mar 19, 2014 amended on third reading 6525a
Mar 06, 2014 advanced to third reading
Mar 05, 2014 2nd report cal.
Mar 04, 2014 1st report cal.228
Feb 03, 2014 referred to local government

Bill Amendments

Original
A (Active)
Original
A (Active)

S6525 - Details

Current Committee:
Law Section:
Real Property

S6525 - Summary

Relates to the village of Mastic Beach entering into contracts to sell delinquent tax liens.

S6525 - Sponsor Memo

S6525 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6525

                            I N  S E N A T E

                            February 3, 2014
                               ___________

Introduced  by  Sen.  ZELDIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to authorize the village of Mastic Beach to enter into a contract
  to sell or pledge as collateral for a loan some or all of  the  delin-
  quent  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;
  and providing for the repeal of such provisions upon expiration there-
  of

  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 village of Mastic Beach 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 village of Mastic Beach 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 village of Mastic Beach a list  of
liens  to  be  foreclosed.  The village of Mastic Beach 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 tax lien purchaser through the date of repurchase.
The tax lien purchaser shall provide the foreclosure list to the village

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

S6525A (ACTIVE) - Details

Current Committee:
Law Section:
Real Property

S6525A (ACTIVE) - Summary

Relates to the village of Mastic Beach entering into contracts to sell delinquent tax liens.

S6525A (ACTIVE) - Sponsor Memo

S6525A (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 6525--A
    Cal. No. 228

                            I N  S E N A T E

                            February 3, 2014
                               ___________

Introduced  by  Sen.  ZELDIN -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Local  Government  --
  reported  favorably  from  said committee, ordered to first and second
  report, ordered to a third reading,  amended  and  ordered  reprinted,
  retaining its place in the order of third reading

AN ACT to authorize the village of Mastic Beach to enter into a contract
  to  sell  or pledge as collateral for a loan some or all of the delin-
  quent 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;
  and providing for the repeal of such provisions upon expiration there-
  of

  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 village of Mastic Beach 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 45 days advance notice of
sale in the same manner as is provided by paragraph (b) of subdivision 1
of section 1125 of the real property tax law. Failure  to  provide  such
notice shall invalidate any sale of a tax lien or tax liens. Such notice
shall  be  in  the  form  set forth in paragraph (b) of subdivision 2 of
section 1190 of the real property tax law.
  (c) The village of Mastic Beach 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 village of Mastic Beach a list  of
liens  to  be  foreclosed.  The village of Mastic Beach 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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