NY S05403

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

Allows Buffalo to arrange underwriting of bonds through private sale via negotiated agreement, with compensation through negotiated fees or discounted purchase prices below par value plus accrued interest

Permits private sale of bonds through negotiated agreement with negotiated fees, subject to State Comptroller approval of terms and conditions

Maintains oversight by requiring compliance with the Buffalo Fiscal Stability Authority created in 2003

Classifies underwriting or private placement costs as preliminary costs under local finance law