H1682B3105A13557     VDL:JSL  10/02/12     #90        A13557

  

  

  

  

AMENDMENTS TO HOUSE BILL NO. 1682

Printer's No. 3105

  

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Amend Bill, page 30, line 21, by striking out "tax liens" and

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inserting

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 taxes

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Amend Bill, page 30, lines 22 and 23, by striking out ",

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together with associated interest, costs and " in line 22 and

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"fees" in line 23

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Amend Bill, page 33, by inserting between lines 17 and 18

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(e.1)  Land bank.--Notwithstanding subsections (d) and (e),

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in counties of the second class containing a city of the second

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class, a land bank may not engage in any of the following absent

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an agreement with a county, city, borough, incorporated town,

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township, school district or body politic and corporate created

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as a municipal authority pursuant to law whose claims comprise

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the upset sales price:

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(1)  Purchase property for less than the upset sales

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price described in section 29 of the Municipal Claim and Tax

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Lien Law or section 301 of the Second Class City Treasurer's

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Sale and Collection Act.

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(2)  Alter the form, substance or timing of the payment

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of the sales price by the land bank.

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