BILL NO | A03295 |
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SAME AS | No Same As |
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SPONSOR | Fitzpatrick |
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COSPNSR | Tedisco, McKevitt, Montesano |
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MLTSPNSR | Barclay, Crouch, Giglio, Kolb, McDonough, Raia, Tenney, Thiele |
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Add Art 11 Title 3-A SS1141 & 1142, 1136-a & 1136-b, RPT L |
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Authorizes localities to convey distressed residential real property that has been foreclosed upon for non-payment of real estate taxes to a third party; establishes that third party may be an individual or for-profit or not-for-profit entity which would rehabilitate and manage such property, providing needed housing while restoring the property to the non-delinquent tax rolls; called "third party transfer program". |