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NY S06821

Bill

Official Source

Status

Passed

6/30/2016

Primary Sponsor

Michael Ranzenhofer

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Origin

Senate

2015-2016 General Assembly

AI Summary

  • Extends the deadline for the City of Buffalo to issue serial bonds or notes under special private sale provisions from June 30, 2016 to June 30, 2017
  • Permits Buffalo to arrange underwriting of bonds or notes through private negotiated agreements, with compensation provided by negotiated fees or by selling bonds at a discount to par value
  • Allows Buffalo to conduct private sales of bonds or notes through negotiated agreements with negotiated fee compensation
  • Requires state comptroller approval of the terms and conditions for any such private bond sales
  • Takes effect immediately upon enactment

Legislative Description

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

Last Action

SIGNED CHAP.86

6/30/2016

Committee Referrals

Cities5/3/2016
Local Government2/25/2016

Full Bill Text

No bill text available