New York A02734 amends the local finance law to facilitate the marketing of serial bonds or notes issued by the city of Buffalo before June 30, 2026.

New York A02734 amends the local finance law to allow the city of Buffalo to market any issue of serial bonds or notes issued before June 30, 2026. The city can arrange for underwriting at private sale through a negotiated agreement, with compensation for the underwriting. Alternatively, the city can arrange for the private sale of its bonds or notes through a negotiated agreement, with compensation for such sales provided by a negotiated fee, if required. The cost of such underwriting or private placement is considered a preliminary cost. The act takes effect immediately.

New York A02734 amends the local finance law to facilitate the marketing of serial bonds or notes issued by the city of Buffalo before June 30, 2026.

New York A02734 amends the local finance law to allow the city of Buffalo to market any issue of serial bonds or notes issued before June 30, 2026. The city can arrange for underwriting at private sale through a negotiated agreement, with compensation for the underwriting. Alternatively, the city can arrange for the private sale of its bonds or notes through a negotiated agreement, with compensation for such sales provided by a negotiated fee, if required. The cost of such underwriting or private placement is considered a preliminary cost. The act takes effect immediately.