Bill Text: NY S06424 | 2015-2016 | General Assembly | Amended

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Bill Title: Extends the amount of time the city of Middletown is authorized to sell or pledge delinquent liens held by such city.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2016-05-25 - SIGNED CHAP.38 [S06424 Detail]

Download: New_York-2015-S06424-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         6424--A
            Cal. No. 35
                    IN SENATE
                                     January 8, 2016
                                       ___________
        Introduced  by  Sen. BONACIC -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules -- reported  favora-
          bly  from said committee, ordered to a third reading, passed by Senate
          and delivered to the Assembly, recalled, vote  reconsidered,  restored
          to  third  reading, amended and ordered reprinted, retaining its place
          in the order of third reading
        AN ACT to amend chapter 510 of the laws of 2013, authorizing 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, in relation to the effectiveness
          thereof
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Section 3 of chapter 510 of the laws of 2013, authorizing
     2  the city of Middletown to enter into a contract to  sell  or  pledge  as
     3  collateral  for  a loan some or all of the delinquent liens held by such
     4  city to a private party or engage a private party to collect some or all
     5  of the delinquent tax liens held by it, as amended by a chapter  of  the
     6  laws  of 2015, amending chapter 510 of the laws of 2013, authorizing the
     7  city of Middletown to enter into a contract to sell or pledge as collat-
     8  eral for a loan some or all of the delinquent liens held by such city to
     9  a private party or engage a private party to collect some or all of  the
    10  delinquent  tax  liens  held  by  it,  as  proposed in legislative bills
    11  numbers S.5397 and A.7705, is amended to read as follows:
    12    § 3. This act shall take effect immediately and shall  expire  and  be
    13  deemed repealed on and after December 31, 2017.
    14    §  2.  This  act  shall  take  effect on the same date and in the same
    15  manner as a chapter of the laws of 2015, amending  chapter  510  of  the
    16  laws of 2013 authorizing the city of Middletown to enter into a contract
    17  to sell or pledge as collateral for a loan some or all of the delinquent
    18  liens  held by such city to a private party or engage a private party to
    19  collect some or all of the delinquent tax liens held by it, as  proposed
    20  in legislative bills numbers S.5397 and A.7705, takes effect.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10917-07-6