Permanently requires that the first installment of serial bonds mature not later than two years after the date of such bonds; provides that principal.

New York S00273 amends the local finance law to permanently require that the first installment of serial bonds mature not later than two years after the date of such bonds. It allows for the redemption of principal installments remaining unpaid on bonds prior to their date of maturity, with terms determined by the finance board of a municipality, school district, or corporation at the time of issuance.

Permanently requires that the first installment of serial bonds mature not later than two years after the date of such bonds; provides that principal.

New York S00273 amends the local finance law to permanently require that the first installment of serial bonds mature not later than two years after the date of such bonds. It allows for the redemption of principal installments remaining unpaid on bonds prior to their date of maturity, with terms determined by the finance board of a municipality, school district, or corporation at the time of issuance.