Bill > S06928

This bill extends the existing provisions that allow Erie County to more flexibly sell municipal bonds and notes by modifying the local finance law. Specifically, the bill changes the date by which the county can issue serial bonds or notes through a private sale from June 30, 2025 to June 30, 2026. This means Erie County will continue to have the ability to market and sell its municipal obligations (essentially debt instruments like bonds) without being fully restricted by standard legal limitations on private bond sales, provided that the state comptroller approves the specific terms and conditions of each sale. The modification provides the county with an additional year of financial flexibility in how it can raise funds through bond issuances, which can be important for managing local government finances and funding infrastructure or other public projects.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S6928