NY S07981

Authorizes the village of Plandome Manor to sell some or all delinquent tax liens held by the village to a private party, with consideration that may be more or less than the face amount.

Requires 30 days advance notice to property owners using the same form and manner as required under Real Property Tax Law section 1190, though failure to provide notice does not affect the validity of the sale.

Allows the village to repurchase liens by providing the tax lien purchaser a 30-day notice period before any foreclosure action begins; the village has 30 days to decide whether to repurchase at the lien amount plus accrued interest and collection fees.

Permits the village to pledge delinquent tax liens as collateral for loans and engage third parties to collect liens, with collection fees capped at 10% of the outstanding balance and borne by the delinquent taxpayer.

Takes effect immediately and expires December 31, 2019, when all provisions automatically repeal.