S 433 New York Senate · 2025 Regular Session

Relates to bonds and notes of the city of Yonkers

This bill extends existing provisions allowing the City of Yonkers to use private sales for issuing bonds and notes, specifically until June 30, 2026. It permits the city to arrange private bond sales through negotiated agreements with underwriters or direct sales, bypassing standard public auction requirements, with costs counted as preliminary expenses. The extension directly affects Yonkers' ability to finance projects by providing continued flexibility in how it markets its debt. The bill does not create new rules but extends a current process already in place.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2025 Last action May 28, 2025
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5
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Committee
1
Jan 8, 2025
Committee
REFERRED TO CITIES 2
upper
1 primary · 0 co-sponsors

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