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NY S08010

Bill

Official Source

Status

Passed

7/1/2018

Primary Sponsor

Christopher Jacobs

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Amends Section 54.30 of the Local Finance Law to extend the deadline for Buffalo bond and note sales from June 30, 2018 to June 30, 2019
  • Allows the City of Buffalo to arrange underwriting of serial bonds or notes through negotiated private sales, subject to State Comptroller approval
  • Permits compensation for underwriting services through negotiated fees or by selling bonds to underwriters at discounts below par value plus accrued interest
  • Allows private placement of bonds or notes through negotiated agreements with optional negotiated fee compensation
  • Takes effect immediately upon enactment

Legislative Description

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

Last Action

SIGNED CHAP.105

7/1/2018

Committee Referrals

Ways and Means6/11/2018
Local Government3/19/2018

Full Bill Text

No bill text available