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A06116 Summary:

BILL NOA06116
 
SAME ASNo Same As
 
SPONSORFitzpatrick (MS)
 
COSPNSRTague, Byrnes, Blankenbush, Giglio, Salka
 
MLTSPNSRBarclay, Crouch, DeStefano, Hawley, Kolb, Manktelow, McDonough, Raia
 
Add Art 11 Title 3-A 1141 & 1142, 1136-a & 1136-b, RPT L
 
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".
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