Facilitates the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before a certain date
This bill allows the City of Buffalo to sell certain bonds or notes issued on or before June 30, 2025, using private sales methods that are normally restricted. Under the new rules, the city can hire underwriters through negotiated agreements, paying them via fees or by selling the bonds at a discount to their full value. The costs associated with these sales are treated as preliminary expenses for budgeting purposes. The legislation applies specifically to the City of Buffalo and requires approval from the state comptroller regarding the terms of any such sale.
Bill status
signed
all 5 stages cleared
Introduction
May 2024
Committee Review
Jun 2024
Senate Passage
Jun 2024
Assembly Passage
Jun 2024
Signed into Law
Jun 2024
Introduced May 7, 2024
Signed Jun 28, 2024
Floor votes · Senate Jun 5, 2024 · Assembly Jun 6, 2024
How they voted
58–1
Passed · 3 other
Total votes 62
Jun 5, 2024
D
Democratic41
95% Yea
R
Republican21
90% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
4
Committee
2
Jun 28, 2024
Signed into law
SIGNED CHAP.165
upper
Jun 6, 2024
Assembly · Passed
Assembly Vote: pass (127-17-4)
assembly
Jun 5, 2024
Lower · Passed
PASSED ASSEMBLY
lower
Jun 5, 2024
Committee
REFERRED TO WAYS AND MEANS
lower
Jun 5, 2024
Upper · Passed
PASSED SENATE
upper
May 7, 2024
Committee
REFERRED TO CITIES 2
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Sean Ryan
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about S 9256
Scope: NY
Hi! I can help you understand S 9256. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline