N.Y. Comp. Codes R. & Regs. tit. 2 § 37.2

Current through Register Vol. 46, No. 36, September 4, 2024

Section 37.2 - Definitions

For purposes of this Part:

(a) Competitive sale shall mean the sale of bonds or notes in accordance with the procedures set forth in sections 58.00 and 59.00 of the Local Finance Law.

(b) Negotiated sale shall mean all sales other than competitive sale.

(c) Variable rate obligations shall mean bonds and notes issued pursuant to section 54.90 of the Local Finance Law.

(d) Financially responsible party, municipality, finance board, school district and district corporation shall have the meanings ascribed to them by the Local Finance Law.

(e) Discount bonds shall mean an issue of bonds sold for a price which is less than the par value thereof in accordance with the provisions of paragraphs e and f of section 57.00 of the Local Finance Law.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 37.2