N.Y. Local Finance Law § 57.10: Guidelines for sale of bonds and notes on a negotiated basis

* § 57.10 Guidelines for sale of bonds and notes on a negotiated

basis. The state comptroller shall promulgate rules in conformance with

the state administrative procedure act governing the sale of bonds and

notes on a negotiated basis as authorized by sections 54.90 and 57.00 of

this chapter. No bond or note sale on a negotiated basis shall be

conducted by a municipality, school district or district corporation

without prior approval of the state comptroller except as provided in

such rules, which shall set forth the circumstances under which such

approval shall not be required. The state comptroller shall annually

deliver to the senate finance committee and the assembly ways and means

committee a report listing all such sales conducted in the previous

year, including the name of the issuer and the amount of the issue for

each such sale. Such rules shall be reviewed at least annually and

updated as may be necessary.

* NB Repealed July 15, 2027