Int 0187-2006

Be it enacted by the Council as follows: Section 1. The opening paragraph of subdivision b of section 11-319 of the administrative code of the city of New York, as amended by local law number 4 for the year 2004, is amended to read as follows: The commissioner of finance, on behalf of the city, may sell tax liens, either individually, in combinations, or in the aggregate, pursuant to the procedures provided herein. The commissioner of finance shall establish the terms and conditions of a sale of a tax lien or tax liens. [Enactment of the local law that added this sentence shall be deemed to constitute authorization by the council for the commissioner of finance to conduct a sale or sales of tax liens through and including March first, two thousand six.] Enactment of the local law that added this sentence shall be deemed to constitute authorization by the council for the commissioner of finance to conduct a sale or sales of tax liens through and including August thirty-first, two thousand six. Subsequent to [March first, two thousand six] August thirty-first, two thousand six, the city shall not have the authority to sell tax liens. §2. This local law shall take effect immediately, except that if it shall have become a law after March 2, 2006, it shall be retroactive to and deemed to have been in full force and effect as of March 2, 2006.