S 5403 New York Senate · 2025 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 (S 5403) allows the City of Buffalo to privately sell its existing serial bonds or notes issued on or before June 30, 2026, without needing public auction. It specifically permits the city to arrange private underwriting or sales through negotiated agreements, with costs treated as preliminary expenses. The city must still get approval from the state comptroller for the sale terms. This directly affects Buffalo's ability to manage its bond financing for these specific debt instruments. The bill removes standard legal restrictions on private bond sales for this limited timeframe.
Bill status signed all 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
Senate Passage
May 2025
Assembly Passage
May 2025
Signed into Law
Jun 2025
Introduced Feb 21, 2025 Signed Jun 18, 2025
Floor votes · Senate May 28, 2025 · Assembly May 29, 2025

How they voted

583
Passed · 2 other
Total votes 63
May 28, 2025
D Democratic41
39 Yea 1 Nay 1
95% Yea
R Republican22
19 Yea 2 Nay 1
86% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
15
Key actions
3
Committee
2
Jun 18, 2025
Signed into law
SIGNED CHAP.149
upper
May 29, 2025
Lower · Passed
PASSED ASSEMBLY
lower
May 28, 2025
Committee
REFERRED TO WAYS AND MEANS
lower
May 28, 2025
Upper · Passed
PASSED SENATE
upper
Feb 21, 2025
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