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New YorkS 54032025-2026 Regular SessionSenateWALLET

Facilitates the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before a certain date

Sponsored By: Sean Ryan (Democratic)

Became Law

CITIES 2WAYS AND MEANS

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Buffalo can privately sell bonds through 2026

The law lets the City of Buffalo privately underwrite or privately sell its serial bonds or notes issued on or before June 30, 2026. Sales must be by negotiated agreement, and the New York State Comptroller must approve the terms. The city may pay a negotiated fee, or sell to an underwriter at a discount below face value plus accrued interest. These underwriting or placement costs count as preliminary costs, so the city can include them in the bond financing. The law takes effect immediately.

Sponsors & Cosponsors

Sponsor

  • Sean Ryan

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 65 • No: 3

Senate vote • 5/28/2025

FLOOR Vote

Yes: 58 • No: 3

committee vote • 5/12/2025

Cities 2 Committee Vote

Yes: 7 • No: 0

Actions Timeline

  1. SIGNED CHAP.149

    6/18/2025Senate

  2. DELIVERED TO GOVERNOR

    6/18/2025Senate

  3. RETURNED TO SENATE

    5/29/2025House

  4. PASSED ASSEMBLY

    5/29/2025House

  5. HOME RULE REQUEST

    5/29/2025House

  6. ORDERED TO THIRD READING RULES CAL.303

    5/29/2025House

  7. SUBSTITUTED FOR A2734

    5/29/2025House

  8. REFERRED TO WAYS AND MEANS

    5/28/2025House

  9. DELIVERED TO ASSEMBLY

    5/28/2025Senate

  10. PASSED SENATE

    5/28/2025Senate

  11. HOME RULE REQUEST

    5/28/2025Senate

  12. ADVANCED TO THIRD READING

    5/14/2025Senate

  13. 2ND REPORT CAL.

    5/13/2025Senate

  14. 1ST REPORT CAL.998

    5/12/2025Senate

  15. REFERRED TO CITIES 2

    2/21/2025Senate

Bill Text

  • Original

    2/21/2025

    PDF

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