S 8859 New York Senate · 2025 Regular Session

Relates to bonds and notes of the city of Yonkers

This bill extends a provision allowing the city of Yonkers to privately sell bonds until June 30, 2027. It permits Yonkers to arrange underwriting or private sales of bonds issued by that date, subject to state comptroller approval, without triggering typical public sale requirements. The cost of these private sales would be treated as a preliminary cost for budgeting purposes. This directly affects Yonkers' ability to finance municipal projects through bond sales without standard public auction processes.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2026 Last action May 28, 2026
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1
Jan 9, 2026
Committee
REFERRED TO CITIES 2
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