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NY S07116
Bill
Status
5/18/2023
Primary Sponsor
Luis Sepulveda
Click for details
AI Summary
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Extends deadline for New York City to issue bonds and notes at private sale from June 30, 2023 to July 1, 2024.
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Extends deadline for NYC to issue bonds or notes with variable interest rates from July 15, 2023 to July 15, 2024.
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Extends deadline for NYC mayor and comptroller to enter into interest rate exchange agreements from July 15, 2023 to July 15, 2024.
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Extends deadline for NYC to refund outstanding bonds under certain conditions from July 1, 2023 to July 1, 2024.
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Extends deadline for NYC to finance capital projects by issuing bonds without down payment requirements from July 1, 2023 to July 1, 2024, and extends the related New York state financial emergency act provisions.
Legislative Description
Extends certain provisions relating to the sale of bonds and notes of the city of New York, the issuance of bonds or notes with variable rates of interest, interest rate exchange agreements of the city of New York, the refunding of bonds, and the down payment for projects financed by bonds; extends the New York state financial emergency act for the city of New York; makes further amendments relating to the effectiveness thereof.
Last Action
SUBSTITUTED BY A6592
6/5/2023