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

Summary

The bill updates the city’s local finance law to keep in place special procedures for marketing, selling, and refinancing municipal bonds and notes until July 15, 2027. It lets the mayor and comptroller issue bonds with state comptroller approval, permits limited private sales to designated public entities, and sets caps on how much can be issued under these extensions. The changes affect NYC’s finance board, bondholders, and any agency that may purchase the bonds.

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