§ 57.10 — Guidelines for sale of bonds and notes on a negotiated basis

New York § 57.10

• Jurisdiction: New York
• Law LFN: Local Finance
• Title 4: Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof
• Art. 2: Local Indebtedness

Text

* § 57.10 Guidelines for sale of bonds and notes on a negotiated\nbasis. The state comptroller shall promulgate rules in conformance with\nthe state administrative procedure act governing the sale of bonds and\nnotes on a negotiated basis as authorized by sections 54.90 and 57.00 of\nthis chapter. No bond or note sale on a negotiated basis shall be\nconducted by a municipality, school district or district corporation\nwithout prior approval of the state comptroller except as provided in\nsuch rules, which shall set forth the circumstances under which such\napproval shall not be required. The state comptroller shall annually\ndeliver to the senate finance committee and the assembly ways and means\ncommittee a report listing all such sales conducted in the previous\nyear, including the name of the issuer and the amount of the issue for\neach such sale. Such rules shall be reviewed at least annually and\nupdated as may be necessary.\n * NB Repealed July 15, 2027\n