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Senate bill · S5403 (2025-26)

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

Latest action Jun 18, 2025

Summary

Facilitates the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before June 30, 2026.

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Where it stands

Signed into law.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

New York State Senate

Same as A2734, the matching bill in the Assembly.

Amends the Local Finance Law.

Committee

Cities · New York State Assembly

Also referred to Cities 2 · New York State Senate, Ways and Means · New York State Assembly.

Purpose, from the sponsor's memo

The purpose of this bill is to extend the authorization for the private sale of bonds and notes of the City of Buffalo from June 30, 2025, to June 30, 2026.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

  • Vote: Floor vote

    NY SenateMay 28, 2025Result: passed

    (58) (3) (0) (2)

  • Vote: Committee vote · Cities 2

    Senate Cities 2May 12, 2025Result: passed

    (7) (0) (0) (0)

The sponsor's argument

Why the sponsor says this is needed

The present law, which expires on June 30, 2025, has given the City of Buffalo a valuable tool to provide expeditious funds for projects which require immediate attention. Since this law has already proven its usefulness, an extension for one year is appropriate and would provide the City with enough financial flexibility to encounter any further needs in that time frame.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

  1. Jun 18, 2025

    Sent to the executive

    DELIVERED TO GOVERNOR

    NY Senate

  2. Jun 18, 2025

    Signed

    SIGNED CHAP.149

    NY Senate

  3. May 29, 2025

    Passed a chamber

    PASSED ASSEMBLY

    NY Assembly

  4. May 29, 2025

    Reported out of committee

    REPORTED

    NY Assembly

  5. May 29, 2025

    Rules Report CAL.303

    RULES REPORT CAL.303

    NY Assembly

Show full history (12 earlier events)
  1. May 29, 2025

    Substituted

    SUBSTITUTED BY S5403

    NY Assembly

  2. May 28, 2025

    Sent to the executive

    DELIVERED TO ASSEMBLY

    NY Senate

  3. May 28, 2025

    Home Rule Request

    HOME RULE REQUEST

    NY Senate

  4. May 28, 2025

    Passed a chamber

    PASSED SENATE

    NY Senate

  5. May 28, 2025

    Referred to committee

    REFERRED TO WAYS AND MEANS

    NY Assembly

  6. May 27, 2025

    Reported out of committee

    REPORTED REFERRED TO RULES

    NY Assembly

  7. May 20, 2025

    Reported out of committee

    REPORTED REFERRED TO WAYS AND MEANS

    NY Assembly

  8. May 14, 2025

    Advanced to Third Reading

    ADVANCED TO THIRD READING

    NY Senate

  9. May 13, 2025

    2ND Report CAL.

    2ND REPORT CAL.

    NY Senate

  10. May 12, 2025

    1ST Report CAL.998

    1ST REPORT CAL.998

    NY Senate

  11. Feb 21, 2025

    Referred to committee

    REFERRED TO CITIES 2

    NY Senate

  12. Jan 22, 2025

    Referred to committee

    REFERRED TO CITIES

    NY Assembly

About this record

Summary

The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.

Source

From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 22, 2026. About our data

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