NY S07645

Extends the deadline for serial bond maturity requirements from July 15, 2012 to July 15, 2015, allowing the first installment to mature no later than two years after bond issuance or first bond anticipation note.

Expands the period during which municipalities, school districts, and district corporations can issue bonds with flexible redemption terms from July 15, 2012 to July 15, 2015.

Extends the authorization for municipalities to issue variable interest rate bonds subject to maximum rate caps from July 15, 2012 to July 15, 2015.

Extends the deadline for municipalities to finance objects and purposes with periods of probable usefulness through bonds and notes from July 15, 2012 to July 15, 2015.

Delays the expiration and repeal of certain amendments to the Local Finance Law and chapter 413 of the laws of 1991 from July 15, 2012 to July 15, 2015.