NY A10349

Extends the deadline for serial bond maturity requirements from July 15, 2018 to July 15, 2021, allowing the first installment to mature not later than two years after bond issuance or first bond anticipation note.

Extends the deadline for redemption flexibility of municipal bonds from July 15, 2018 to July 15, 2021, permitting municipalities, school districts, and district corporations to redeem bonds prior to maturity at prices determined by the issuer.

Extends the deadline for variable rate bond issuance from July 15, 2018 to July 15, 2021, allowing municipalities to issue bonds with interest rates that vary according to a formula with a maximum rate set at issuance.

Extends the deadline for flexible financing of objects or purposes with a determined period of usefulness from July 15, 2018 to July 15, 2021, including provisions for redeeming or refunding previously issued bonds or notes.

Extends the expiration date of certain mandate relief provisions in Chapter 413 of the Laws of 1991 from July 15, 2018 to July 15, 2021, with affected sections reverting to prior law upon expiration.