S.07940

Requires municipal tax collectors to hold a hearing after a tax lien sale to distribute funds to the former owner of such property.

Advances the clean energy transition by requiring municipal tax collectors to hold a hearing after a tax lien sale to distribute funds to the former owner of such property. The bill mandates that the tax collector must file a report within thirty days after completing the sale and executing the deed. The report must include the amount of surplus and instructions for how interested parties may apply to claim an interest for such surplus. The bill also allows for the sale of real property by virtue of a foreclosure proceeding brought pursuant to the provisions of this article.