Bill > A09689

This bill extends the duration of a pilot program that allows local governments to sell bonds through an electronic open auction. The original law, established in 2019, created this program to test a new method for issuing debt. This bill amends that law to extend the pilot program from eight years to ten years after it becomes effective, meaning the program will now expire and its provisions will be repealed ten years after its effective date, rather than eight. The bill also states that it will take effect immediately.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A9689