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NY A01177

Bill

Official Source

Status

Passed

6/18/2025

Primary Sponsor

Crystal Peoples-Stokes

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Extends Erie County's authority to sell serial bonds or notes through private sales from June 30, 2025 to June 30, 2026

  • Continues an existing exception that allows Erie County to bypass standard limitations on private sales of municipal bonds

  • Requires State Comptroller approval of the terms and conditions for any such bond or note sales

  • Amends section 54.50 of the local finance law, building on previous authorization from chapter 156 of the laws of 2024

Legislative Description

Extends provisions providing for the sale of municipal obligations by the county of Erie.

Last Action

signed chap.135

6/18/2025

Committee Referrals

Local Government5/29/2025
Rules5/27/2025
Ways and Means5/20/2025
Local Governments1/9/2025

Full Bill Text

No bill text available