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NY S06788

Bill

Official Source

Status

Passed

6/30/2016

Primary Sponsor

Patrick Gallivan

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • 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, 2016 to June 30, 2017
  • Permits Erie County to arrange underwriting of bonds or notes through negotiated private sale, with compensation provided by negotiated fee or sale at a discount to par value
  • Allows Erie County to arrange private sale of bonds or notes through negotiated agreement with compensation by negotiated fee if required
  • Designates underwriting or private placement costs as preliminary costs under Section 11.00 of the local finance law
  • Takes effect immediately upon enactment

Legislative Description

Extends provisions of law relating to the sale of municipal notes and bonds of the county of Erie.

Last Action

SIGNED CHAP.85

6/30/2016

Committee Referrals

Local Governments4/4/2016
Local Government2/23/2016

Full Bill Text

No bill text available