Int 1262-2018
Interest rates applicable to installment agreements for the payment of property tax arrears, and to repeal subdivision c of section 11-312 and subdivision e of subdivision 313, relating to the interest rates recommended by the banking commission for the n
This local law would authorize the New York City Banking Commission to recommend, and the Council to adopt, an interest rate that would be applicable to the property tax arrears that accrue while a property with an assessed value of $250,000 or less is the subject of a valid payment agreement plan with the Department of Finance. The rate recommended by the Banking Commission must be at least equal to the most recently determined federal short-term interest rate. In addition, the local law would repeal provisions requiring the Banking Commission to make certain recommendations for interest rates for the nonpayment of water and sewer rents because those provisions are preempted by a State law setting such interest rates.
DCo-Sponsors (1)
Bill History (5)
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Meetings & Hearings (2)
Documents
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Int. No. 1262
12/23/2021
Summary of Int. No. 1262
12/23/2021
Committee Report 11/20/18
11/27/2018
Hearing Testimony 11/20/18
11/27/2018
November 28, 2018 - Stated Meeting Agenda with Links to Files
12/7/2018
Hearing Transcript 11/20/18
12/7/2018
Hearing Transcript - Stated Meeting 11-28-2018
12/23/2021
Minutes of the Stated Meeting - November 28, 2018
12/23/2021