Authorizes the village of Bloomingburg to sell or pledge delinquent tax liens to a private party.
This bill allows the village of Bloomingburg to enter into a contract to sell or pledge as collateral for a loan some or all of the delinquent tax liens held by the village to a private party or engage a private party to collect some or all of the delinquent tax liens. The village may repurchase the liens within 30 days of notice from the purchaser. The sale or pledge does not shorten the redemption period or change the interest rate. The purchaser can foreclose the lien after the redemption period. The village sets the terms and conditions of the contract.
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