Bill 171004
Controlled by Committee on Finance

SECURITIZED SALE OF CITY LIENS

Description

Authorizing the Revenue Commissioner and the City Solicitor, on behalf of the City, to enter into (i) a contract or contracts for a term not to exceed four years for the design, implementation, and management of a securitized sale of the City's liens for real estate tax and possibly other municipal claims; and (ii) a contract or contracts for a term not to exceed four years for the sale of such liens under which the City would be obligated to provide substitute liens or compensation for any defective liens; all under certain terms and conditions.

Read the full Bill: Bill No. 17100400.pdf 171004 - Exhibit Set, As Introduced.pdf 171004 - Exhibit Set, As Introduced.pdf

Actions

(No actions taken)


What's your opinion?

Log in to comment on the legislation.

Introduced: Nov. 16, 2017

Status: IN COMMITTEE

Source

View Bill 171004 on the City Clerk's website.