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
