Establishes a three-year pilot program for electronic open auction public bond sales for municipalities.

The bill establishes an electronic open auction public bond sale pilot program for counties, cities, towns, villages, and school districts. It allows municipalities to conduct bond sales through nationally recognized electronic securities bidding services. The program runs for three years and requires annual evaluations to assess the effectiveness and cost-efficiency of electronic open auctions compared to traditional closed auctions. The state comptroller compiles these evaluations and submits them to the legislature.

Establishes a three-year pilot program for electronic open auction public bond sales for municipalities.

The bill establishes an electronic open auction public bond sale pilot program for counties, cities, towns, villages, and school districts. It allows municipalities to conduct bond sales through nationally recognized electronic securities bidding services. The program runs for three years and requires annual evaluations to assess the effectiveness and cost-efficiency of electronic open auctions compared to traditional closed auctions. The state comptroller compiles these evaluations and submits them to the legislature.