NY S00400

Extends the deadline for the city of Yonkers to issue serial bonds or notes using private sale and negotiated underwriting from June 30, 2023 to June 30, 2024.

Allows Yonkers to arrange underwriting of bonds or notes through private negotiated agreements without competitive bidding requirements.

Permits Yonkers to use negotiated fees or sell bonds at below par value to underwriters as compensation for underwriting services.

Authorizes private placement of bonds or notes through negotiated agreement subject to New York State Comptroller approval.

Classifies underwriting and private placement costs as preliminary costs under New York's local finance law.