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NY S09416
Bill
Status
5/15/2024
Primary Sponsor
Luis Sepulveda
Click for details
AI Summary
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Extends deadline for New York City bond and note sales from June 30, 2024 to June 30, 2025 under Local Finance Law section 54.10.
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Extends deadline for NYC to issue variable rate bonds and notes from July 15, 2024 to July 15, 2025 under Local Finance Law section 54.90.
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Extends deadline for NYC to enter into interest rate exchange agreements and conduct refunding bond sales from July 15, 2024 to July 15, 2025 under Local Finance Law section 54.90.
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Extends deadline for NYC to sell bonds at private sale and refinance bonds from July 1, 2024 to July 1, 2025 under Local Finance Law sections 57.00 and 90.00.
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Extends deadline for NYC to finance projects with bonds and issue bonds through state financing agencies from July 1, 2024 to July 1, 2025, and extends the state's pledge to protect NYC's financial control board authority through July 1, 2025.
Legislative Description
Relates 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 selling of bonds at private sale, the refunding of bonds, and the down payment for projects financed by bonds; relates to a pledge and agreement of the state; extends certain provisions relating to interest rate exchange agreements of the city of New York.
Last Action
SUBSTITUTED BY A9671
6/3/2024