New York S07682 provides secondary bonding authority up to $150,000,000 to the Buffalo fiscal stability authority from July 1, 2025, to June 30, 2029.

New York S07682 amends the public authorities law to grant the Buffalo fiscal stability authority secondary bonding authority up to $150,000,000 from July 1, 2025, to June 30, 2029. The authority can issue bonds, notes, or other obligations to finance costs and fund reserves. The authority can also enter into interest rate exchange or similar arrangements under certain conditions. The authority's bonds, notes, or other obligations are not a debt of the state or the city of Buffalo. The authority can purchase its own obligations out of available funds.

New York S07682 provides secondary bonding authority up to $150,000,000 to the Buffalo fiscal stability authority from July 1, 2025, to June 30, 2029.

New York S07682 amends the public authorities law to grant the Buffalo fiscal stability authority secondary bonding authority up to $150,000,000 from July 1, 2025, to June 30, 2029. The authority can issue bonds, notes, or other obligations to finance costs and fund reserves. The authority can also enter into interest rate exchange or similar arrangements under certain conditions. The authority's bonds, notes, or other obligations are not a debt of the state or the city of Buffalo. The authority can purchase its own obligations out of available funds.