Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 29, 2021 |
signed chap.170 |
Jun 17, 2021 |
delivered to governor |
Jun 03, 2021 |
returned to senate passed assembly home rule request ordered to third reading rules cal.328 substituted for a5463 |
Jun 03, 2021 |
substituted by s4850 |
Jun 02, 2021 |
ordered to third reading rules cal.328 rules report cal.328 reported |
May 26, 2021 |
reported referred to rules |
May 25, 2021 |
reported referred to ways and means |
Feb 17, 2021 |
referred to cities |
Assembly Bill A5463
Signed By Governor2021-2022 Legislative Session
Sponsored By
PEOPLES-STOKES
Archive: Last Bill Status Via S4850 - 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
2021-A5463 (ACTIVE) - Details
- See Senate Version of this Bill:
- S4850
- Law Section:
- Local Finance Law
- Laws Affected:
- Amd §54.30, Loc Fin L
2021-A5463 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5463 2021-2022 Regular Sessions I N A S S E M B L Y February 17, 2021 ___________ Introduced by M. of A. PEOPLES-STOKES -- read once and referred to the Committee on Cities AN ACT to amend the local finance law, in relation to facilitating the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before a certain date 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 section 1 of item HH of subpart B of part XXX of chapter 58 of the laws of 2020, 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 [twen- ty-one] TWENTY-TWO, 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 nego- tiated 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. LBD08543-01-1
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