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NY S00433
Bill
Status
1/8/2025
Primary Sponsor
Andrea Stewart-Cousins
Click for details
AI Summary
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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
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Allows Yonkers to arrange underwriting of bonds or notes through private sale via negotiated agreement, with compensation through negotiated fees or sale below par value plus accrued interest
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Permits private sale of bonds or notes through negotiated agreement with negotiated fees, bypassing standard limitations on private bond sales
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Requires State Comptroller approval of the terms and conditions for any such sales
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Remains subject to the provisions of the New York State Financial Emergency Act of 1984 for the city of Yonkers
Legislative Description
Extends certain provisions relating to bonds and notes of the city of Yonkers until June 30, 2026.
Last Action
SUBSTITUTED BY A5298
5/28/2025