Extends the open auction bond sale pilot program in New York.

New York Assembly Bill A08277 amends the local finance law to extend the electronic open auction bond sale pilot program. This program, initially established by chapter 643 of the laws of 2019 and later modified by chapter 297 of the laws of 2023, allows for the sale of bonds through an electronic auction process. The bill ensures the continuation of this pilot program, providing a framework for local governments to utilize this method for bond sales. The provisions of this act will be repealed eight years after its effective date.

Extends the open auction bond sale pilot program in New York.

New York Assembly Bill A08277 amends the local finance law to extend the electronic open auction bond sale pilot program. This program, initially established by chapter 643 of the laws of 2019 and later modified by chapter 297 of the laws of 2023, allows for the sale of bonds through an electronic auction process. The bill ensures the continuation of this pilot program, providing a framework for local governments to utilize this method for bond sales. The provisions of this act will be repealed eight years after its effective date.