§ 46. The county of Suffolk may purchase property at tax sale. The
county of Suffolk is empowered to purchase lots or parcels of land at
such tax sale, and is further empowered to accept deeds and to foreclose
the certificates of sale and perform all other acts to perfect the title
of real estate thus acquired. The county treasurer shall annually
furnish the county legislature with a report of real estate acquired by
the county at such sales, which remains unredeemed and to which the
county is entitled to a deed or upon which foreclosure proceedings may
be commenced. The county attorney shall conduct all foreclosure
proceedings and perform all legal work necessary on behalf of the county
under the supervision of the county legislature. Land thus acquired by
the county may be released or sold upon terms prescribed by resolution
of the county legislature by the county treasurer in the name of the
county, and with respect to the sale of surplus real property such terms
may include purchase money mortgages, installment contract sales or any
other means of selling and financing. The county legislature may set
aside parcels of land thus acquired in various parts of the county and
hold the same for county purposes.

The county may, by resolution of the county legislature, transfer and
assign any certificates of sales held by the county upon payment to the
county of the amount of its bid with interest thereon to the date of
such assignment or transfer.