NY A05298

Extends the deadline for the city of Yonkers to issue serial bonds or notes under special marketing provisions from June 30, 2025 to June 30, 2026

Allows Yonkers to sell bonds through private negotiated agreements rather than public sales, subject to State Comptroller approval of terms and conditions

Permits the city to compensate underwriters through negotiated fees or by selling bonds below par value plus accrued interest

Authorizes private placement of bonds through negotiated agreements with optional negotiated fees for compensation

Classifies underwriting and private placement costs as preliminary costs under the local finance law