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NY A09537

Bill

Official Source

Status

Passed

7/1/2018

Primary Sponsor

Gary Pretlow

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Extends the deadline for the city of Yonkers to issue serial bonds or notes under private sale arrangements from June 30, 2018 to June 30, 2019
  • Allows Yonkers to arrange underwriting of bonds or notes through negotiated agreements without competitive bidding requirements, subject to state comptroller approval
  • Permits compensation for underwriting through negotiated fees or by selling bonds to an underwriter below par value plus accrued interest
  • Authorizes private placement of bonds or notes through negotiated agreement with negotiated fee compensation
  • Takes effect immediately upon enactment

Legislative Description

Relates to bonds and notes of the city of Yonkers.

Last Action

signed chap.81

7/1/2018

Committee Referrals

Ways and Means6/18/2018
Cities1/19/2018

Full Bill Text

No bill text available