NY S06687

Amends Section 54.50 of the Local Finance Law to extend the deadline for Erie County to sell serial bonds or notes from June 30, 2014 to June 30, 2015

Allows Erie County to arrange underwriting of bonds or notes through negotiated private sale agreements, with compensation provided by negotiated fee or by selling bonds to an underwriter at a discounted price

Permits Erie County to conduct private sales of bonds or notes through negotiated agreement with compensation by negotiated fee if required

Classifies underwriting and private placement costs as preliminary costs under Section 11.00 of the Local Finance Law

Takes effect immediately upon enactment