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NY S09256
Bill
Status
6/28/2024
Primary Sponsor
Sean Ryan
Click for details
AI Summary
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Amends Local Finance Law Section 54.30 to extend the deadline for Buffalo's bond and note issuance from June 30, 2024 to June 30, 2025
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Allows the City of Buffalo to arrange underwriting of bonds or notes through private negotiated agreements, subject to state comptroller approval
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Permits compensation for underwriting through negotiated fees or by selling bonds to an underwriter at a discount below par value plus accrued interest
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Allows private sale of bonds or notes through negotiated agreement with negotiated fee compensation if required
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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, 2025.
Last Action
SIGNED CHAP.165
6/28/2024