S 8899 New York Senate · 2023 Regular Session

Relates to bonds and notes of the city of Yonkers

This bill extends the deadline for the City of Yonkers to issue certain bonds and notes until June 30, 2025. It allows the city to sell these financial obligations through private agreements with underwriters or investors, even if standard laws usually restrict such private sales. The city must still get approval from the state comptroller for the specific terms of these sales, and any fees paid to underwriters are counted as preliminary costs. This change gives the city more flexibility in how it raises money while keeping oversight with state officials.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
Governor
Introduced Mar 26, 2024 Last action May 23, 2024
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5
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Committee
1
Mar 26, 2024
Committee
REFERRED TO CITIES 2
upper
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