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NY S08253
Bill
Status
Passed
6/30/2022
Primary Sponsor
Timothy Kennedy
Click for details
AI Summary
- Amends Section 54.30 of the Local Finance Law to extend the deadline for Buffalo bond and note issuance from June 30, 2022 to June 30, 2023
- Permits the City of Buffalo to arrange underwriting of bonds or notes through private negotiated agreements, subject to state comptroller approval
- Allows compensation for underwriting to be provided either by negotiated fee or by selling bonds at a discount below par value plus accrued interest
- Authorizes private sales of bonds or notes through negotiated agreement with negotiated fees
- Classifies underwriting and private placement costs as preliminary costs under Local Finance Law Section 11.00
- Takes effect immediately upon enactment
Legislative Description
Facilitates the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before June 30, 2023.
Last Action
SIGNED CHAP.330
6/30/2022
Committee Referrals
Ways and Means5/31/2022
Cities 22/7/2022
Full Bill Text
No bill text available