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NY S07157

Bill

Official Source

Status

Introduced

1/9/2020

Primary Sponsor

Timothy Kennedy

Click for details

Origin

Senate

2019-2020 General Assembly

AI Summary

  • Amends Local Finance Law Section 54.50 to extend the deadline for Erie County to sell serial bonds or notes from June 30, 2020 to June 30, 2021
  • Allows Erie County to arrange underwriting of bonds or notes through negotiated private sale with State Comptroller approval, with compensation provided by negotiated fee or discounted sale price
  • Permits Erie County to conduct private sales of bonds or notes through negotiated agreement with compensation by negotiated fee if required
  • Designates underwriting and private placement costs as preliminary costs under Local Finance Law Section 11.00
  • 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

COMMITTED TO RULES

12/28/2020

Committee Referrals

Rules12/28/2020
Local Government1/9/2020

Full Bill Text

No bill text available