Relates to procedures for the foreclosure of tax lien proceedings

Senate Bill S 7940 revises the procedures municipalities must follow when selling properties acquired through tax lien foreclosures. It outlines specific requirements for giving public notice of such sales, including publication and posting details. The bill mandates that any surplus money from these sales, after taxes and costs are paid, must be deposited with the court. A key provision requires a hearing process, with notice given to former property owners and other lienholders, to ensure proper distribution of these surplus funds to eligible claimants.