S T A T E   O F   N E W   Y O R K
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    S. 7770                                                 A. 10143

                      S E N A T E - A S S E M B L Y

                              May 12, 2016
                               ___________

IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Local Govern-
  ment

IN  ASSEMBLY  --  Introduced  by  M.  of A. ENGLEBRIGHT -- read once and
  referred to the Committee on Local Governments

AN ACT to amend the Suffolk county tax act,  in  relation  to  sales  of
  certain property made to the Suffolk County Landbank Corporation

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 45 of chapter 311 of the laws of 1920  constituting
the  Suffolk  county  tax  act, as amended by chapter 847 of the laws of
1984, is amended to read as follows:
  S 45. Sale of property for unpaid taxes. If the  owner,  mortgagee  or
occupant  of  or party in interest in such real estate does not pay such
tax or assessment, with the costs, additions  and  charges,  within  the
period  stated  in  such advertisement, then the county treasurer shall,
without further notice, commence the sale of  lands  specified  in  such
notice  of  sale  on  the day set for that purpose and continue the sale
from day to day until every such lot or parcel is  sold.  [Such]  EXCEPT
FOR  SALES  TO  THE  SUFFOLK  COUNTY LANDBANK CORPORATION AS PROVIDED IN
SUBDIVISION (F) OF SECTION SIXTEEN HUNDRED EIGHT AND/OR SUBDIVISION  (A)
OF  SECTION  SIXTEEN  HUNDRED  SIXTEEN OF THE NOT-FOR-PROFIT CORPORATION
LAW, SUCH lands shall be sold for an amount sufficient to  pay  all  the
taxes  and  assessments due thereon for the years for the taxes of which
said sale shall be made with interest thereon to the time of  sale,  and
all  costs,  expenses  and  charges  accrued  thereon  and,  subject  to
reductions as herein provided, said amount paid for such property  shall
carry  and  bear  the maximum interest and penalties as follows: six per
centum on the purchase price, if redeemed within six months of  date  of
sale.  An  additional  six  per centum on the purchase price if redeemed
after the expiration of six months and within twelve months of the  date
of sale.  An additional six per centum on the purchase price if redeemed
after  the  expiration  of twelve months and within a period of eighteen

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

                                                           LBD15113-01-6

S. 7770                             2                           A. 10143

months of date of sale. An additional six per  centum  on  the  purchase
price  if  redeemed after the expiration of eighteen months and within a
period of twenty-four months of date of  sale.  An  additional  six  per
centum  on  the purchase price if redeemed after the expiration of twen-
ty-four months and within a period of thirty months of date of sale.  An
additional  six  per  centum on the purchase price if redeemed after the
expiration of thirty months and within  thirty-six  months  of  date  of
sale. The rate of interest at which any person or persons shall offer to
take  the  lot  or parcel of land to be sold shall be established by his
bid. The rate thus established shall be the rate of interest  for  every
period  of  six months or fraction thereof up to the time of the redemp-
tion of the property purchased until the expiration of three years, plus
all taxes paid by the purchaser with interest thereon at six per  centum
per  annum to the date of payment. At such sale, rates of interest shall
be bid in multiples of one per centum or a flat bid of no interest what-
soever and parcels shall be sold and bid upon separately. If  more  than
one  person  bids  the  same  rate  of interest, the county treasurer or
person conducting such sale shall sell the parcel to whichever  of  such
bidders  as  he  in  his  sole  discretion shall determine. In any case,
however, and as to any parcel, the county may reject any  and  all  bids
and bid in and purchase the same for the county at a rate of interest as
shall be established by resolution of the county legislature, but not to
exceed  the  maximum  rate of interest as herein provided in which event
the bid of the county shall be preferred over all other bids. The county
shall likewise be deemed the purchaser at the rate of interest as herein
provided for of all parcels which are  not  sold  at  sale.  The  county
legislature  may by resolution exclude from such sale such parcels as it
determines where the county has entered into  any  agreement  concerning
the disposition of tax liens thereon with a tax district or other person
pursuant  to  section  one  hundred  sixty-six-a of the tax law or other
provisions of law. The foregoing rates  of  interest  shall  be  applied
whenever  those  rates  are greater than the rates of interest as estab-
lished in section thirteen-c of this tax act.
  S 2. Section 46 of chapter 311 of the laws of  1920  constituting  the
Suffolk  county  tax act, as amended by chapter 502 of the laws of 1977,
is amended to read as follows:
  S 46. The county of Suffolk may purchase property  at  tax  sale.  The
county  of  Suffolk  is empowered to purchase lots or parcels of land at
such tax sale, and is further empowered to accept deeds and to foreclose
the certificates of sale and perform all other acts to perfect the title
of real estate  thus  acquired.  The  county  treasurer  shall  annually
furnish  the county legislature with a report of real estate acquired by
the county at such sales, which remains  unredeemed  and  to  which  the
county  is  entitled to a deed or upon which foreclosure proceedings may
be  commenced.  The  county  attorney  shall  conduct  all   foreclosure
proceedings and perform all legal work necessary on behalf of the county
under  the  supervision of the county legislature. Land thus acquired by
the county may be released or sold upon terms prescribed  by  resolution
of  the  county  legislature  by the county treasurer in the name of the
county, and with respect to the sale of surplus real property such terms
may include purchase money mortgages, installment contract sales or  any
other  means  of  selling  and financing. The county legislature may set
aside parcels of land thus acquired in various parts of the  county  and
hold the same for county purposes.
  The  county may, by resolution of the county legislature, transfer and
assign any certificates of sales held by the county upon payment to  the

S. 7770                             3                           A. 10143

county  of  the  amount  of its bid with interest thereon to the date of
such assignment or transfer OR LESS THAN SUCH  AMOUNT  IF  SOLD  TO  THE
SUFFOLK  COUNTY  LANDBANK  CORPORATION  PURSUANT  TO  SUBDIVISION (F) OF
SECTION  SIXTEEN HUNDRED EIGHT AND/OR SUBDIVISION (A) OF SECTION SIXTEEN
HUNDRED SIXTEEN OF THE NOT-FOR-PROFIT CORPORATION LAW.
  S 3. This act shall take effect immediately.

                            
                    S T A T E   O F   N E W   Y O R K
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                                10143--A

                          I N  A S S E M B L Y

                              May 12, 2016
                               ___________

Introduced  by  M.  of  A.  ENGLEBRIGHT -- read once and referred to the
  Committee on Local Governments -- committee discharged, bill  amended,
  ordered reprinted as amended and recommitted to said committee

AN  ACT  to  amend  the  Suffolk county tax act, in relation to sales of
  certain property made to the Suffolk County Landbank Corporation

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Chapter  311 of the laws of 1920 constituting the Suffolk
county tax act is amended by adding  a  new  section  46-a  to  read  as
follows:
  S 46-A. NOTWITHSTANDING ANY PROVISION OF THIS ACT TO THE CONTRARY, THE
COUNTY  MAY  CONVEY PROPERTY OR TAX LIENS TO THE SUFFOLK COUNTY LANDBANK
CORPORATION PURSUANT TO ARTICLE 16 OF THE NOT-FOR-PROFIT CORPORATION LAW
FOR SUCH CONSIDERATION AND ON TERMS AND CONDITIONS  AS  THE  COUNTY  MAY
DETERMINE.
  S 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15113-05-6