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NY S06313

Bill

Official Source

Status

Passed

6/30/2014

Primary Sponsor

Andrea Stewart-Cousins

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Extends the deadline for Yonkers to issue serial bonds or notes under private sale provisions from June 30, 2014 to June 30, 2015
  • Allows Yonkers to arrange underwriting of bonds or notes through private negotiated agreement, with compensation via negotiated fee or sale at less than par value plus accrued interest
  • Permits Yonkers to arrange private sales of bonds or notes through negotiated agreement with negotiated fee compensation
  • Requires state comptroller approval of the terms and conditions of any such bond or note sales
  • Classifies underwriting and private placement costs as preliminary costs under the local finance law

Legislative Description

Relates to bonds and notes of the city of Yonkers.

Last Action

SIGNED CHAP.70

6/30/2014

Committee Referrals

Cities5/12/2014
Local Government1/14/2014

Full Bill Text

No bill text available