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NY A10173

Bill

Official Source

Status

Passed

11/22/2024

Primary Sponsor

Fred Thiele

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends the definition of "municipality" under the electronic open auction public bond sale pilot program in Local Finance Law Section 58.10
  • Removes the population requirement of 400,000 or more for counties to participate in the program
  • Changes the bond issuance lookback period from three years to five years for municipalities seeking to participate
  • Requires municipalities to have issued at least $25 million in bonds within one of the preceding five years to qualify
  • Takes effect immediately upon enactment

Legislative Description

Provides that for the purposes of the electronic open auction public bond sale pilot program, the term "municipality" shall mean a county or a city or town with a population of one hundred thousand or more.

Last Action

signed chap.497

11/22/2024

Committee Referrals

Rules6/4/2024
Rules6/4/2024
Ways and Means5/29/2024
Local Governments5/10/2024

Full Bill Text

No bill text available