STATE OF NEW YORK
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8145
IN SENATE
January 9, 2024
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Introduced by Sen. KENNEDY -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government
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 172 of the laws of 2023, 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-four] twenty-five 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.
LBD14006-01-4
