Extends certain provisions relating to the sale, issuance and refund of bonds and notes of New York city

Summary

The law updates the city’s finance code so the mayor and comptroller can keep marketing and issuing New York City bonds until July 2027, with new caps on total volume and flexible interest‑rate formulas. It also expands private‑sale options to certain government and public‑pension buyers and sets clearer rules for swapping old bonds for cheaper refunding bonds. The changes give the city more financing flexibility while keeping state oversight.

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