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NY S06564
Bill
Status
6/30/2023
Primary Sponsor
Timothy Kennedy
Click for details
AI Summary
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Amends Local Finance Law Section 54.30 to extend the deadline for Buffalo's serial bonds and notes issuance from June 30, 2023 to June 30, 2024.
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Allows the City of Buffalo to arrange private underwriting of bonds or notes through negotiated agreements, with compensation provided by negotiated fees or sale at discounted prices.
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Permits private sales of Buffalo bonds or notes through negotiated agreements with compensation by negotiated fee if required.
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Requires State Comptroller approval of the terms and conditions for any such private bond sales.
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Classifies underwriting and private placement costs as preliminary costs under Local Finance Law Section 11.00.
Legislative Description
Facilitates the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before June 30, 2024.
Last Action
SIGNED CHAP.176
6/30/2023