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NY S01033

Bill

Official Source

Status

Passed

6/29/2021

Primary Sponsor

Andrea Stewart-Cousins

Click for details

Origin

Senate

2021-2022 General Assembly

AI Summary

  • Amends Local Finance Law Section 54.40 to extend the deadline for Yonkers bond issuance from June 30, 2021 to June 30, 2022
  • Allows Yonkers to arrange underwriting of serial bonds or notes through negotiated private sales with state comptroller approval
  • Permits compensation for underwriting through negotiated fees or by selling bonds to underwriters at below par value plus accrued interest
  • Authorizes private placement of bonds and notes through negotiated agreement with compensation by negotiated fee
  • Classifies underwriting and private placement costs as preliminary costs under Local Finance Law Section 11.00

Legislative Description

Relates to bonds and notes of the city of Yonkers.

Last Action

SIGNED CHAP.168

6/29/2021

Committee Referrals

Cities6/1/2021
Cities 22/5/2021
Local Government1/6/2021

Full Bill Text

No bill text available