New York § 54.50 Costs of sales; county of Erie

New York Statutes

§ 54.50 — Costs of sales; county of Erie

New York § 54.50

Law LFNLocal Finance

Title 4Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof

Art. 2Local Indebtedness

This text of New York § 54.50 (Costs of sales; county of Erie) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Local Finance § 54.50 (2026).

Text

  § 54.50 Costs of sales; county of Erie. To facilitate the marketing of\nany issue of serial bonds or notes of the county of Erie issued on or\nbefore June thirtieth, two thousand twenty-six such county may,\nnotwithstanding any limitations on private sales of bonds provided by\nlaw, and subject to approval by the state comptroller of the terms and\nconditions of such sale:\n  a. arrange for the underwriting of its bonds or notes at private sale\nthrough negotiated agreement, compensation for such underwriting to be\nprovided by negotiated fee or by sale of such bonds or notes to an\nunderwriter at a price less than the sum of par value of, and the\naccrued interest on, such obligations; or\n  b. arrange for the private sale of its bonds or notes through\nnegotiated agreement, compensatio

Free access — add to your briefcase to read the full text and ask questions with AI

§ 54.50 Costs of sales; county of Erie. To facilitate the marketing of\nany issue of serial bonds or notes of the county of Erie issued on or\nbefore June thirtieth, two thousand twenty-six such county may,\nnotwithstanding any limitations on private sales of bonds provided by\nlaw, and subject to approval by the state comptroller of the terms and\nconditions of such sale:\n a. arrange for the underwriting of its bonds or notes at private sale\nthrough negotiated agreement, compensation for such underwriting to be\nprovided by negotiated fee or by sale of such bonds or notes to an\nunderwriter at a price less than the sum of par value of, and the\naccrued interest on, such obligations; or\n b. arrange for the private sale of its bonds or notes through\nnegotiated agreement, compensation for such sales to be provided by\nnegotiated fee, if required. The cost of such underwriting or private\nplacement shall be deemed a preliminary cost for purposes of section\n11.00 of this article.\n