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NY S04850
Bill
Status
6/29/2021
Primary Sponsor
Timothy Kennedy
Click for details
AI Summary
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Amends Section 54.30 of the Local Finance Law to extend the deadline for Buffalo's bond and note issuance from June 30, 2021 to June 30, 2022
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Allows the City of Buffalo to arrange underwriting of bonds or notes through private negotiated sale, notwithstanding other statutory limitations on private bond sales
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Permits compensation for underwriting through negotiated fees or by selling bonds/notes to underwriters at below par value plus accrued interest
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Allows private placement of bonds or notes through negotiated agreement with compensation by negotiated fee if required
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Classifies underwriting and private placement costs as preliminary costs under Section 11.00 of the Local Finance Law
Legislative Description
Facilitates the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before June 30, 2022.
Last Action
SIGNED CHAP.170
6/29/2021