Relates to bonds and notes of the city of Yonkers

Summary

The law permits the city of Yonkers to arrange private sales or underwriting of any serial bonds or notes it issued on or before June 30 2027, even if other statutes limit private sales. The city must obtain approval from the state comptroller, and compensation to underwriters can be a negotiated fee or a discount on the bonds. These costs are treated as preliminary expenses under the city’s finance rules.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share