Senate BillChaptered/Signed
S 9839: Facilitates the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before June 30, 2027.
What S 9839 does, verified June 30, 2026
The bill aims to facilitate the marketing of serial bonds or notes issued by the city of Buffalo on or before June 30, 2027. The city can arrange for private sales of its bonds or notes through negotiated agreements, and compensation for such sales will be provided by a negotiated fee. This will allow the city to sell its bonds or notes at a price less than the sum of their par value and accrued interest. The cost of such underwriting or private placement will be considered a preliminary cost for purposes of a related section. The bill will take effect immediately.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
✓Second ChamberComplete
✓GovernorComplete
6ChapteredCurrent
Last action: SIGNED CHAP.161 (2026-06-26)Alert me
Quick answers about S 9839
- What is the current status of S 9839?
- As of June 30, 2026, S 9839 is recorded as "Chaptered/Signed": it has been signed by the Governor and chaptered into law. The last recorded action, on June 26, 2026, was "SIGNED CHAP.161".
- Did S 9839 pass?
- Yes. S 9839 passed both houses and was signed into law (last action June 26, 2026). New York laws take effect on the date written into the bill, often immediately on signing or a set number of days afterward.
- Who wrote S 9839, and where is it now?
- S 9839 was authored by Sen. April Baskin.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions14 total · showing 5
| Jun. 26, 2026 | SIGNED CHAP.161 |
| Jun. 18, 2026 | DELIVERED TO GOVERNOR |
| May. 29, 2026 | delivered to senate |
| May. 29, 2026 | passed assembly |
| May. 29, 2026 | home rule request |
Latest bill textIntroduced version, April 7, 2026 · 364 words
STATE OF NEW YORK ________________________________________________________________________ 9839 IN SENATE April 7, 2026 ___________ Introduced by Sen. BASKIN -- read twice and ordered printed, and when printed to be committed to the Committee on Cities 2 AN ACT to amend the local finance law, in relation to facilitating the marketing of any issue of serial bonds or notes of the city of Buffalo issued on or before a certain date The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 54.30 of the local finance law, as amended by chap- 2 ter 149 of the laws of 2025, is amended to read as follows: 3 § 54.30 Costs of sales; bonds and notes of the city of Buffalo. 4 Subject to the provisions of chapter one hundred twenty-two of the laws 5 of two thousand three creating the Buffalo fiscal stability authority, 6 to facilitate the marketing of any issue of serial bonds or notes of the 7 city of Buffalo issued on or before June thirtieth, two thousand [twen-8ty-six] twenty-seven, such city may, notwithstanding any limitations on 9 private sales of bonds provided by law, and subject to approval by the 10 state comptroller of the terms and conditions of such sale: (a) arrange 11 for the underwriting of its bonds or notes at private sale through nego- 12 tiated agreement, compensation for such underwriting to be provided by 13 negotiated fee or by sale of such bonds or notes to an underwriter at a 14 price of less than the sum of par value of, and the accrued interest on, 15 such obligations; or (b) arrange for the private sale of its bonds or 16 notes through negotiated agreement, compensation for such sales to be 17 provided by negotiated fee, if required. The cost of such underwriting 18 or private placement shall be deemed a preliminary cost for purposes of 19 section 11.00 of this article. 20 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03007-03-6
Text of S 9839 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions