NY A09463

Extends the authorization for New York City to issue bonds and notes under special provisions from June 30, 2014 to June 30, 2015.

Allows NYC to sell bonds at private sale to the Municipal Assistance Corporation and other purchasers with approval from the mayor, comptroller, and state comptroller prior to July 1, 2015.

Permits NYC to refund outstanding bonds prior to July 1, 2015 based on lower interest rates or lower annual debt service payments, and allows refunding of bonds issued after June 30, 1978 that contain covenants related to the Financial Control Board.

Authorizes NYC to finance capital projects prior to July 1, 2015 through bonds and notes, including reimbursements for previously advanced funds and redemption of prior notes.

Extends the authorization for NYC to issue variable rate bonds and notes with interest rate caps until July 15, 2015, limited to 25% of the debt limit prescribed by law, and allows the state to pledge that it will not impair the Financial Control Board's authority during a control period.