Extends the open auction bond sale pilot program

S 8316 extends New York State's pilot program for local governments to sell bonds through competitive open auctions. The bill changes the program's expiration date from six years to eight years after it takes effect, allowing the pilot to continue longer. This directly affects municipalities and counties that use this electronic auction process to issue bonds for public projects. The key change is solely the extension of the pilot's timeline, without altering the auction mechanism itself.