Bill > S04850

This bill amends the Local Finance Law to extend the deadline for the City of Buffalo to facilitate the marketing of any issue of serial bonds or notes from June 30, 2021 to June 30, 2022. This allows the city to arrange for the underwriting of its bonds or notes at private sale through negotiated agreement, or the private sale of its bonds or notes through negotiated agreement, with the cost of such underwriting or private placement deemed a preliminary cost. The bill aims to help the City of Buffalo market its municipal bonds or notes more effectively.