2 CRR-NY 37.3NY-CRR
2 CRR-NY 37.3
2 CRR-NY 37.3
37.3 Negotiated sale of variable rate obligations.
A municipality may sell variable rate obligations at negotiated sale in accordance with either subdivision (a) or (b) of this section.
(a) A municipality may sell variable rate obligations at negotiated sale without the prior approval of the State Comptroller if it complies with, and makes the determinations required by, the policies and procedures contained in section 37.5 of this Part.
(b) A municipality may sell variable rate obligations at negotiated sale pursuant to any provision of the Local Finance Law, other than sections 54.90 and 57.10, that permits the municipality to sell its obligations at negotiated sale. In the event a municipality sells variable rate obligations by means of negotiated sale pursuant to such other provision, it shall in all respects comply with the requirements of that provision but need not comply with the policies and procedures contained in section 37.5 of this Part.
2 CRR-NY 37.3
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.