Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 03, 2019 |
signed chap.77 |
Jun 28, 2019 |
delivered to governor |
Jun 18, 2019 |
returned to senate passed assembly home rule request ordered to third reading rules cal.351 substituted for a5166 |
Jun 18, 2019 |
substituted by s4911 |
Jun 17, 2019 |
ordered to third reading rules cal.351 rules report cal.351 reported |
Jun 13, 2019 |
reported referred to rules |
Jun 12, 2019 |
reported referred to ways and means |
Feb 07, 2019 |
referred to cities |
Assembly Bill A5166
Signed By Governor2019-2020 Legislative Session
Sponsored By
SCHIMMINGER
Archive: Last Bill Status Via S4911 - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
Crystal Peoples-Stokes
2019-A5166 (ACTIVE) - Details
2019-A5166 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5166 2019-2020 Regular Sessions I N A S S E M B L Y February 7, 2019 ___________ Introduced by M. of A. SCHIMMINGER, PEOPLES-STOKES -- read once and referred to the Committee on Cities AN ACT to amend the local finance law, in relation to the sale of bonds and notes of the city of Buffalo THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 54.30 of the local finance law, as amended by chap- ter 105 of the laws of 2018, is amended to read as follows: § 54.30 Costs of sales; bonds and notes of the city of Buffalo. Subject to the provisions of chapter one hundred twenty-two of the laws of two thousand three creating the Buffalo fiscal stability authority, to facilitate the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before June thirtieth, two thousand [nine- teen] TWENTY, such city may, notwithstanding any limitations on private sales of bonds provided by law, and subject to approval by the state comptroller of the terms and conditions of such sale: (a) arrange for the underwriting of its bonds or notes at private sale through negoti- ated agreement, compensation for such underwriting to be provided by negotiated fee or by sale of such bonds or notes to an underwriter at a price of less than the sum of par value of, and the accrued interest on, such obligations; or (b) arrange for the private sale of its bonds or notes through negotiated agreement, compensation for such sales to be provided by negotiated fee, if required. The cost of such underwriting or private placement shall be deemed a preliminary cost for purposes of section 11.00 of this article. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04228-01-9
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