NY S08729

Amends Section 54.30 of the Local Finance Law to extend the deadline for Buffalo to market serial bonds or notes from June 30, 2024 to June 30, 2025.

Allows Buffalo to arrange underwriting of bonds or notes through private negotiated agreements, with compensation provided by negotiated fee or by selling bonds at less than par value plus accrued interest.

Permits private sale of bonds or notes through negotiated agreement with compensation by negotiated fee if required.

Exempts Buffalo from standard legal limitations on private sales of bonds, subject to approval by the state comptroller of the terms and conditions.

Classifies costs of underwriting or private placement as preliminary costs under Section 11.00 of the Local Finance Law.