New York S09161 amends the public authorities law to provide secondary bonding authority to the Buffalo fiscal stability authority.

New York S09161 amends the public authorities law to provide secondary bonding authority to the Buffalo fiscal stability authority. The authority is authorized to issue bonds, notes, or other obligations up to $46,000,000 during the period of July 1, 2026, to June 30, 2030. The authority's bonding authority is extended to 2047. The proceeds from the sale of bonds, notes, or other obligations can be used to finance costs and fund reserves to secure such bonds, notes, or other obligations.

New York S09161 amends the public authorities law to provide secondary bonding authority to the Buffalo fiscal stability authority.

New York S09161 amends the public authorities law to provide secondary bonding authority to the Buffalo fiscal stability authority. The authority is authorized to issue bonds, notes, or other obligations up to $46,000,000 during the period of July 1, 2026, to June 30, 2030. The authority's bonding authority is extended to 2047. The proceeds from the sale of bonds, notes, or other obligations can be used to finance costs and fund reserves to secure such bonds, notes, or other obligations.