S 9256 New York Senate · 2023 Regular Session

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
39 Yea 2
95% Yea
R Republican21
19 Yea 1 Nay 1
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
Photo of Sean Ryan
Sean Ryan
DDemocratic
NY
61