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Senate bill · S6928 (2025-26)

Provides for the sale of municipal obligations by the county of Erie

Latest action Jun 18, 2025

Summary

Extends provisions providing for the sale of municipal obligations by the county of Erie.

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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 A1177, the matching bill in the Assembly.

Passed as A1177, the matching Assembly bill.

Amends the Local Finance Law.

Committee

Local Government · New York State Senate

Also referred to Local Governments · New York State Assembly.

Purpose, from the sponsor's memo

To provide Erie County with sufficient flexibility in its bond sales to maximize its return on bonds sold.

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

Recorded votes

  • Vote: Floor vote

    NY SenateJun 4, 2025Result: passedSenate vote on A1177, the matching Assembly bill.

    (58) (0) (0) (5)

  • Vote: Committee vote · Local Government

    Senate Local GovernmentApr 29, 2025Result: passed

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

The sponsor's argument

Why the sponsor says this is needed

In competitive sales, the date of bidding is determined once the first advertisement is made, unless the sale is withdrawn and a new one adver- tised. In negotiated sales, the timing of sales is announced as an objective, but the date of the sale can be changed as required. This flexibility allows the county of Erie to adjust coupon rates, maturi- ties, and general conditions of the sales to ensure a more successful sale of the instruments.

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 Assembly

  2. Jun 18, 2025

    Signed

    SIGNED CHAP.135

    NY Assembly

  3. Jun 4, 2025

    3RD Reading CAL.722

    3RD READING CAL.722

    NY Senate

  4. Jun 4, 2025

    Passed a chamber

    PASSED SENATE

    NY Senate

  5. Jun 4, 2025

    Substituted

    SUBSTITUTED FOR S6928

    NY Senate

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

    Sent to the executive

    DELIVERED TO SENATE

    NY Assembly

  2. May 29, 2025

    Passed a chamber

    PASSED ASSEMBLY

    NY Assembly

  3. May 29, 2025

    Referred to committee

    REFERRED TO LOCAL GOVERNMENT

    NY Senate

  4. May 29, 2025

    Reported out of committee

    REPORTED

    NY Assembly

  5. May 29, 2025

    Rules Report CAL.289

    RULES REPORT CAL.289

    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 1, 2025

    Advanced to Third Reading

    ADVANCED TO THIRD READING

    NY Senate

  9. Apr 30, 2025

    2ND Report CAL.

    2ND REPORT CAL.

    NY Senate

  10. Apr 29, 2025

    1ST Report CAL.722

    1ST REPORT CAL.722

    NY Senate

  11. Mar 27, 2025

    Referred to committee

    REFERRED TO LOCAL GOVERNMENT

    NY Senate

  12. Jan 9, 2025

    Referred to committee

    REFERRED TO LOCAL GOVERNMENTS

    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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