Facilitates the marketing of serial bonds or notes of the city of Buffalo issued on or before June 30, 2026.
This bill amends the local finance law to allow the city of Buffalo to market any issue of serial bonds or notes issued on or before June 30, 2026. The city can arrange for the underwriting of these bonds or notes at a private sale through a negotiated agreement, with compensation provided by a negotiated fee or by selling the bonds or notes to an underwriter at a price less than the sum of their par value and accrued interest.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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