§ 44-7-25. Sale of rights to uncollected taxes that are due and payable.
The collector, with the approval of the city or town council, is authorized to sell to a bank or other financial institution the rights of the city or town to receive taxes, which are due and payable as of the end of the city or town’s fiscal year and are uncollected at the time of the sale. Any agreement executed under this section shall be filed with the city or town clerk, but does not need to be filed or recorded under the Uniform Commercial Code, title 6A. The collector shall act as the sole collecting agent for the bank or financial institution and shall exercise the rights under chapters 7 — 9 of this title as to collection, enforcement of liens, and sale for nonpayment with respect to those taxes.
History of Section.P.L. 1983, ch. 329, § 1; P.L. 1984, ch. 329, § 1; P.L. 1986, ch. 198, § 54.
Structure Rhode Island General Laws
Chapter 44-7 - Collection of Taxes Generally
Section 44-7-1. - Definitions.
Section 44-7-2. - Duty of collector to collect and pay over.
Section 44-7-3. - Collector’s records.
Section 44-7-4. - Continuance in force of collection warrants.
Section 44-7-5. - Removal of collector from office — New collection warrant.
Section 44-7-6. - City or town treasurer as collector.
Section 44-7-7. - Notice by collector to taxpayer of amount of tax.
Section 44-7-7.1. - Taxpayer information.
Section 44-7-7.2. - Portsmouth — Tax bill contents.
Section 44-7-8. - Permissive excise tax collection agreement.
Section 44-7-9. - Delegated authority.
Section 44-7-10. - Priority of city or town taxes in insolvency.
Section 44-7-11. - Collectors to furnish statements of liens.
Section 44-7-12. - Action for recovery of tax.
Section 44-7-13. - Judgment for collector — Execution and levy.
Section 44-7-15. - Certificate of cancellation — Attachment to tax list.
Section 44-7-16. - Action by city or town treasurer against delinquent collector.
Section 44-7-17. - Execution against delinquent collectors.
Section 44-7-18. - Execution against sureties of delinquent collector.
Section 44-7-19. - Action by co-tenant for contribution to tax.
Section 44-7-20. - Actions for refund of taxes.
Section 44-7-21. - Severability.
Section 44-7-22. - Remedy not exclusive.
Section 44-7-23. - Exemption on uninhabited buildings.
Section 44-7-25. - Sale of rights to uncollected taxes that are due and payable.
Section 44-7-26. - Jeopardy collections of taxes.
Section 44-7-27. - Newport — Cancellation of real property taxes in the city.