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Bill

Bill

A 2734

Facilitates the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before a certain date

2025 Regular Session Introduced by Crystal Peoples-Stokes

Bill A 2734 streamlines Buffalo's bond marketing, boosting funding for infrastructure and services, benefiting both the city and potential investors.

SUBSTITUTED BY S5403
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Bill Summary · A 2734

Summary of Bill A 2734

Overview

Bill Number: A 2734
Title: Facilitates the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before a certain date
Status: Substituted by S5403
Introduced: January 22, 2025
Classification: Bill

Purpose and Intent

The primary purpose of Bill A 2734 is to streamline and facilitate the marketing of serial bonds or notes issued by the city of Buffalo. This legislation aims to enhance the city's financial flexibility by allowing for the efficient sale of these financial instruments, which are crucial for funding various municipal projects and services.

Key Provisions

  • Marketing Facilitation: The bill provides mechanisms to simplify the process for marketing serial bonds or notes issued by the city of Buffalo.
  • Date Limitation: The bill specifies that it applies to bonds or notes issued on or before a designated date, although the exact date is not detailed in the provided information.
  • Substitution Clause: A 2734 has been substituted by S5403, indicating that the latter may encompass similar or expanded provisions regarding the marketing of city-issued bonds.

Impact

  • City of Buffalo: The legislation is expected to positively impact the city by improving its ability to raise funds through the sale of bonds, which can be used for infrastructure improvements, public services, and other municipal needs.
  • Investors: Potential investors in Buffalo's bonds may benefit from a more efficient marketing process, potentially leading to increased investment in city projects.

Legislative Actions Timeline

  • January 22, 2025: Bill A 2734 was introduced and referred to the Cities committee.
  • May 20, 2025: The bill was reported and referred to the Ways and Means committee.
  • May 27, 2025: The bill was reported and referred to the Rules committee.
  • May 29, 2025: The bill was reported, ordered to third reading, and subsequently substituted by S5403.

Related Bills

  • S 8729: A related bill from a prior session.
  • A 9499: Another related bill from a prior session.
  • S 5403: The companion bill that has substituted A 2734.

Conclusion

Bill A 2734 represents an important legislative effort to enhance the financial operations of the city of Buffalo through improved marketing of its bonds. While it has been substituted by S5403, the intent remains focused on facilitating municipal financing, which is vital for the city's growth and development.

Compiled from official sources — confirm details with the bill’s official record.

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