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NY S08859
Bill
Status
1/9/2026
Primary Sponsor
Andrea Stewart-Cousins
Click for details
AI Summary
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Extends the City of Yonkers' authority to issue serial bonds and notes through private sale or negotiated underwriting from June 30, 2026 to June 30, 2027
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Allows Yonkers to sell bonds at private sale through negotiated agreements rather than standard public bidding, subject to State Comptroller approval
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Permits underwriter compensation through negotiated fees or by purchasing bonds below par value plus accrued interest
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Operates under the framework of the New York State Financial Emergency Act of 1984 for the City of Yonkers
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Introduced by Senator Stewart-Cousins and referred to the Committee on Cities 2
Legislative Description
Extends certain provisions relating to bonds and notes of the city of Yonkers until June 30, 2027.
Last Action
REFERRED TO CITIES 2
1/9/2026