NY A09537

Extends the electronic public bond sale pilot program for Westchester County until January 1, 2017 (previously set to expire three years after enactment in 2009).

Authorizes Westchester County to conduct public bond sales through nationally recognized electronic securities bidding services using either open auctions (where bidders see bid rankings during bidding) or closed auctions (where bid information is withheld until bidding concludes).

Requires the county's chief fiscal officer to review electronic bidding processes for timeliness, accuracy, and cost-effectiveness compared to manual bidding methods.

Changes evaluation requirements from annual to biennial, with a summary evaluation due by April 1 before the program expires, submitted to the state comptroller and legislative leaders.

Makes technical amendments to streamline definitions and administrative procedures for the program while maintaining compliance with existing local finance law and other applicable regulations.