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NY S06461

Bill

Official Source

Status

Passed

6/30/2014

Primary Sponsor

Mark Grisanti

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Extends the deadline for the City of Buffalo to issue serial bonds or notes under special financing provisions from June 30, 2014 to June 30, 2015
  • Allows Buffalo to arrange underwriting of bonds or notes through private negotiated agreements, with compensation provided by negotiated fee or sale at a discount to par value
  • Permits Buffalo to conduct private sales of bonds or notes through negotiated agreements with compensation by negotiated fee if required
  • Classifies underwriting and private placement costs as preliminary costs under local finance law
  • Requires state comptroller approval of the terms and conditions of any bond or note sale arrangement

Legislative Description

Relates to the sale of bonds and notes of the city of Buffalo.

Last Action

SIGNED CHAP.72

6/30/2014

Committee Referrals

Cities5/14/2014
Local Government1/27/2014

Full Bill Text

No bill text available