senate Bill S7981A

Signed By Governor
2015-2016 Legislative Session

Relates to the village of Plandome Manor entering into contracts to sell delinquent tax liens

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Archive: Last Bill Status - Signed by Governor


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

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Actions

view actions (15)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 19, 2016 signed chap.280
Aug 08, 2016 delivered to governor
Jun 17, 2016 returned to senate
passed assembly
home rule request
ordered to third reading rules cal.508
substituted for a10604
referred to ways and means
Jun 16, 2016 delivered to assembly
passed senate
ordered to third reading cal.1947
committee discharged and committed to rules
Jun 07, 2016 print number 7981a
Jun 07, 2016 amend (t) and recommit to local government
Jun 02, 2016 referred to local government

S7981 - Details

See Assembly Version of this Bill:
A10604
Law Section:
Real Property

S7981 - Summary

Relates to the village of Plandome Manor entering into contracts to sell delinquent tax liens.

S7981 - Sponsor Memo

S7981 - Bill Text download pdf

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

                                  7981

                            I N  S E N A T E

                              June 2, 2016
                               ___________

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

AN ACT authorizing the  village  of  Plandome  Manor  to  enter  into  a
  contract  to sell some or all of the delinquent tax liens held by such
  municipality to a private party; and providing for the repeal of  such
  provisions upon expiration thereof

  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 Plandome Manor 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
such 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  sale of a tax lien pursuant to this act shall not operate to
shorten the otherwise applicable redemption period or change the  other-
wise applicable interest rate.
  (d)  Upon  the  expiration of the redemption period prescribed by law,
the purchaser of a delinquent tax lien, or its  successors  or  assigns,
may  foreclose  the  lien  as  in  an  action to foreclose a mortgage as
provided in section 1194 of the real property tax law. The procedure  in
such  action shall be the procedure prescribed by article 13 of the real
property actions and proceedings law for the foreclosure  of  mortgages.
At any time following the commencement of an action to foreclose a lien,
the amount required to redeem the lien, or the amount received upon sale

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15730-01-6

S7981A (ACTIVE) - Details

See Assembly Version of this Bill:
A10604
Law Section:
Real Property

S7981A (ACTIVE) - Summary

Relates to the village of Plandome Manor entering into contracts to sell delinquent tax liens.

S7981A (ACTIVE) - Sponsor Memo

S7981A (ACTIVE) - Bill Text download pdf

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

                                 7981--A

                            I N  S E N A T E

                              June 2, 2016
                               ___________

Introduced  by  Sen. MARTINS -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Local  Government  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

AN ACT to authorize the village  of  Plandome  Manor  to  enter  into  a
  contract to sell or pledge as collateral for a loan some or all of the
  delinquent  liens  held by such village 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
  thereof

  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 Plandome Manor 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 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 Plandome Manor 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 Plandome Manor  a  list
of  liens  to  be  foreclosed. The village of Plandome Manor may, at its
sole option and discretion, repurchase a lien or liens on  the  foreclo-
sure 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.

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

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