Bill Text: NY A01177 | 2025-2026 | General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-01-09 - referred to local governments [A01177 Detail]

Download: New_York-2025-A01177-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1177

                               2025-2026 Regular Sessions

                   IN ASSEMBLY

                                     January 9, 2025
                                       ___________

        Introduced  by  M. of A. PEOPLES-STOKES -- read once and referred to the
          Committee on Local Governments

        AN ACT to amend the local finance law, in relation to the sale of munic-
          ipal obligations by the county of Erie

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. The opening paragraph of section 54.50 of the local finance
     2  law,  as  amended by chapter 156 of the laws of 2024, is amended to read
     3  as follows:
     4    To facilitate the marketing of any issue of serial bonds or  notes  of
     5  the  county  of  Erie  issued  on or before June thirtieth, two thousand
     6  [twenty-five] twenty-six such county may,  notwithstanding  any  limita-
     7  tions on private sales of bonds provided by law, and subject to approval
     8  by the state comptroller of the terms and conditions of such sale:
     9    § 2. This act shall take effect immediately.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03009-01-5