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A09066 Summary:

Amd §54.50, Loc Fin L
Extends provisions providing for the sale of municipal obligations by the county of Erie.
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A09066 Text:

                STATE OF NEW YORK
                   IN ASSEMBLY
                                    February 6, 2024
        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 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.
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