New York Codes Rules Regulations (Last Updated: March 27,2024) |
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 |
Sec. 25.4. Alternative methods for certain issues
Latest version.
- In the case of the public sale of bonds of an issue not exceeding $500,000, as permitted by section 63.00 of the Local Finance Law, such notice shall be given by one of the two following methods:(a) as provided in section 25.2 of this Part; or(b) as provided in subdivision (b) of section 25.3 of this Part, except that the issuer need not mail a copy of the notice to the Daily Bond Buyer as provided in paragraph (3) of subdivision (b) nor to more than five bond dealers designated by the finance board of the issuer.