Provides for the sale of municipal obligations by the county of Erie
This bill extends existing rules allowing Erie County to sell certain bonds (called "municipal obligations") without being restricted by standard private sale limits. It specifically applies to bonds issued by Erie County on or before June 30, 2026, and requires state comptroller approval for the sale terms. The amendment modifies Section 54.50 of New York's local finance law to permit this flexibility, directly affecting Erie County's ability to manage its debt. The change is procedural, focusing on clarifying bond sale procedures rather than creating new policy.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
May 2025
Assembly Passage
May 2025
Senate Passage
Jun 2025
Signed into Law
Jun 2025
Introduced Jan 9, 2025
Signed Jun 18, 2025
Floor votes · Senate Jun 4, 2025 · Assembly May 29, 2025
How they voted
58–0
Passed · 5 other
Total votes 63
Jun 4, 2025
D
Democratic41
87% Yea
R
Republican22
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
16
Key actions
3
Committee
4
Jun 18, 2025
Signed into law
SIGNED CHAP.135
lower
Jun 4, 2025
Upper · Passed
PASSED SENATE
upper
May 29, 2025
Committee
REFERRED TO LOCAL GOVERNMENT
upper
May 29, 2025
Lower · Passed
PASSED ASSEMBLY
lower
May 27, 2025
Committee
REPORTED REFERRED TO RULES
lower
May 20, 2025
Committee
REPORTED REFERRED TO WAYS AND MEANS
lower
Jan 9, 2025
Committee
REFERRED TO LOCAL GOVERNMENTS
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Crystal Peoples-Stokes
DDemocratic
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