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NY A09466
Bill
Status
Passed
6/28/2024
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
- Amends Section 54.40 of the local finance law to extend the deadline for Yonkers to issue serial bonds or notes under special provisions from June 30, 2024 to June 30, 2025
- Allows Yonkers to arrange underwriting of bonds or notes through private negotiated sales, with compensation provided by negotiated fee or discount pricing
- Permits private sale of bonds or notes through negotiated agreement with compensation by negotiated fee if required
- Classifies underwriting and private placement costs as preliminary costs under Section 11.00 of the local finance law
- Requires state comptroller approval of the terms and conditions of any bond or note sales, subject to the New York state financial emergency act of 1984
Legislative Description
Extends certain provisions relating to bonds and notes of the city of Yonkers until June 30, 2025.
Last Action
signed chap.131
6/28/2024
Committee Referrals
Cities 25/20/2024
Rules5/13/2024
Ways and Means5/7/2024
Cities3/14/2024
Full Bill Text
No bill text available