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NY S06606
Bill
Status
Passed
6/29/2012
Primary Sponsor
Patrick Gallivan
Click for details
AI Summary
- Extends the deadline for Erie County to conduct private sales of serial bonds and notes from June 30, 2012 to June 30, 2013
- Allows Erie County to arrange underwriting of bonds or notes through negotiated agreement without competitive bidding requirements, with compensation by negotiated fee or discounted sale price
- Permits Erie County to arrange private placement of bonds or notes through negotiated agreement with compensation by negotiated fee
- Requires state comptroller approval of the terms and conditions of any such private sales
- Designates underwriting and private placement costs as preliminary costs under local finance law section 11.00
Legislative Description
Permits the county of Erie to market serial bonds at private sale through June 30, 2013.
Last Action
SIGNED CHAP.80
6/29/2012
Committee Referrals
Local Governments5/21/2012
Local Government3/2/2012
Full Bill Text
No bill text available