S 8145 New York Senate · 2023 Regular Session

Provides for the sale of municipal obligations by the county of Erie

This bill allows the County of Erie to sell its municipal bonds directly to private investors rather than through traditional public auctions. The measure permits these sales for bond issues created by June 30, 2025, provided the State Comptroller approves the specific terms and conditions of the transaction. By overriding certain legal restrictions on private bond sales, the legislation gives the county more flexibility in how it raises money for its projects. The law became effective immediately upon signing and authorizes the county to proceed with these private sales under the new rules.
Bill status signed all 5 stages cleared
Introduction
Jan 2024
Committee Review
Apr 2024
Senate Passage
Apr 2024
Assembly Passage
May 2024
Signed into Law
Jun 2024
Introduced Jan 9, 2024 Signed Jun 28, 2024
Floor votes · Senate Apr 18, 2024 · Assembly May 16, 2024

How they voted

590
Passed · 4 other
Total votes 63
Apr 18, 2024
D Democratic42
40 Yea 2
95% Yea
R Republican21
19 Yea 2
90% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
14
Key actions
3
Committee
3
Jun 28, 2024
Signed into law
SIGNED CHAP.156
upper
May 16, 2024
Lower · Passed
PASSED ASSEMBLY
lower
Apr 18, 2024
Committee
REFERRED TO LOCAL GOVERNMENTS
lower
Apr 18, 2024
Upper · Passed
PASSED SENATE
upper
Apr 18, 2024
Committee
COMMITTEE DISCHARGED AND COMMITTED TO RULES
upper
Jan 9, 2024
Committee
REFERRED TO LOCAL GOVERNMENT
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
TK
Tim Kennedy
DDemocratic/Working Families
NY
63