Extends provisions for Yonkers' bonds and notes until June 30, 2026.

The bill amends the local finance law to extend certain provisions relating to bonds and notes of the city of Yonkers until June 30, 2026. Specifically, it allows the city to arrange for the underwriting of its bonds or notes at private sale through negotiated agreement, with compensation for such underwriting provided by negotiated fee or by sale of such bonds or notes to an underwriter at a price of less than the sum of par value and accrued interest. The cost of such underwriting or private placement is deemed a preliminary cost.

Extends provisions for Yonkers' bonds and notes until June 30, 2026.

The bill amends the local finance law to extend certain provisions relating to bonds and notes of the city of Yonkers until June 30, 2026. Specifically, it allows the city to arrange for the underwriting of its bonds or notes at private sale through negotiated agreement, with compensation for such underwriting provided by negotiated fee or by sale of such bonds or notes to an underwriter at a price of less than the sum of par value and accrued interest. The cost of such underwriting or private placement is deemed a preliminary cost.