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NY A09292
Bill
Status
Passed
6/29/2012
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
- Extends the deadline for the city of Yonkers to issue serial bonds or notes under special financing provisions from June 30, 2012 to June 30, 2013
- Allows Yonkers to arrange underwriting of bonds or notes through negotiated private sale agreements, subject to state comptroller approval
- Permits compensation for underwriting to be provided through negotiated fees or by selling bonds at a discount below par value plus accrued interest
- Authorizes private placement of bonds or notes through negotiated agreements with negotiated fee compensation if required
- Classifies underwriting and private placement costs as preliminary costs under local finance law
Legislative Description
Relates to bonds and notes of the city of Yonkers.
Last Action
signed chap.72
6/29/2012
Committee Referrals
Local Government4/30/2012
Ways and Means4/18/2012
Cities2/15/2012
Local Governments2/14/2012
Full Bill Text
No bill text available