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
58–3
Passed · 2 other
Total votes 63
May 28, 2025
D
Democratic41
95% Yea
R
Republican22
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
Sean Ryan
DDemocratic
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