Section 54.50 - Costs of sales; county of ErieTo facilitate the marketing of any issue of serial bonds or notes of the county of Erie issued on or before June thirtieth, two thousand twenty-five such county may, notwithstanding any limitations on private sales of bonds provided by law, and subject to approval by the state comptroller of the terms and conditions of such sale
a. arrange for the underwriting of its bonds or notes at private sale through negotiated agreement, compensation for such underwriting to be provided by negotiated fee or by sale of such bonds or notes to an underwriter at a price less than the sum of par value of, and the accrued interest on, such obligations; orb. arrange for the private sale of its bonds or notes through negotiated agreement, compensation for such sales to be provided by negotiated fee, if required. The cost of such underwriting or private placement shall be deemed a preliminary cost for purposes of section 11.00 of this article.N.Y. Local Fin. Law § 54.50
Amended by New York Laws 2024, ch. 156,Sec. 1, eff. 6/28/2024.Amended by New York Laws 2023, ch. 172,Sec. 1, eff. 6/30/2023.Amended by New York Laws 2022, ch. 329,Sec. 1, eff. 6/30/2022.Amended by New York Laws 2021, ch. 171,Sec. 1, eff. 6/29/2021.Amended by New York Laws 2020, ch. 58,Sec. XXX-B-T-1, eff. 4/3/2020.Amended by New York Laws 2019, ch. 74,Sec. 1, eff. 7/3/2019.Amended by New York Laws 2018, ch. 83,Sec. 1, eff. 7/1/2018.Amended by New York Laws 2017, ch. 75,Sec. 1, eff. 6/29/2017.Amended by New York Laws 2016, ch. 85,Sec. 1, eff. 6/30/2016.Amended by New York Laws 2015, ch. 43,Sec. 1, eff. 6/30/2015.Amended by New York Laws 2014, ch. 74,Sec. 1, eff. 6/30/2014.Amended by New York Laws 2013, ch. 89,Sec. 1, eff. 6/30/2013.