Local Finance Law § 57.10 · Title 4. Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof
Guidelines for sale of bonds and notes on a negotiated basis
Text — Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
* § 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* NB Repealed July 15, 2027
Source of truth
- Edition
- Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/LFN57.10
- Text hash
- sha256 eb87ebb2c7c5b97151d2676ab7b90f6054a5a20b5d708357b1a2322f8c4f56f2
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
- The Senate's note "Repealed July 15, 2027": in force until then.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.