Senate Bill S6928

2025-2026 Legislative Session

Provides for the sale of municipal obligations by the county of Erie

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Local Government Committee

  • 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

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2025-S6928 (ACTIVE) - Details

See Assembly Version of this Bill:
A1177
Current Committee:
Senate Local Government
Law Section:
Local Finance Law
Laws Affected:
Amd §54.50, Loc Fin L
Versions Introduced in 2023-2024 Legislative Session:
S8145, A9066

2025-S6928 (ACTIVE) - Summary

Extends provisions providing for the sale of municipal obligations by the county of Erie.

2025-S6928 (ACTIVE) - Sponsor Memo

2025-S6928 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6928
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                              March 27, 2025
                                ___________
 
 Introduced  by  Sen. S. RYAN -- 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:
 
   Section 1. The opening paragraph of section 54.50 of the local finance
 law,  as  amended by chapter 156 of the laws of 2024, is amended to read
 as follows:
   To facilitate the marketing of any issue of serial bonds or  notes  of
 the  county  of  Erie  issued  on or before June thirtieth, two thousand
 [twenty-five] TWENTY-SIX such county may,  notwithstanding  any  limita-
 tions on private sales of bonds provided by law, and subject to approval
 by the state comptroller of the terms and conditions of such sale:
   § 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

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