2 CRR-NY 25.1NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 2. DEPARTMENT OF AUDIT AND CONTROL
CHAPTER II. MUNICIPAL AFFAIRS
SUBCHAPTER A. SALES OF BONDS AND NOTES; DEBT STATEMENTS
PART 25. REQUIREMENTS FOR NOTICE OF SALE OF BONDS BY MUNICIPALITIES, SCHOOL DISTRICTS AND DISTRICT CORPORATIONS
2 CRR-NY 25.1
2 CRR-NY 25.1
25.1 Purpose of regulation.
The purpose of this regulation is to prescribe requirements for notices of sale of bonds by municipalities, school districts and district corporations. It is adopted pursuant to section 57.00(d) of the Local Finance Law, which requires the Comptroller to adopt a rule in connection with the sale of bonds:
(a) designating a financial newspaper in which notices of the sale of bonds may be published;
(b) prescribing the procedure for the circularization of such notices;
(c) prescribing requirements relating to the content, publication or circularization of such notices, in addition to but not inconsistent with the provisions of the Local Finance Law; and
(d) prescribing the requirements for the alternative and permissive publication or circularization of notices of the sale of bonds of an issue not exceeding $5,000, as permitted by section 63.00 of the Local Finance Law.
2 CRR-NY 25.1
Current through August 31, 2022
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.