New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter II - Municipal Affairs
Subchapter A - Sales Of Bonds And Notes; Debt Statements
Part 37 - Negotiated Sales Of Variable Rate Obligations And Bonds Sold At A Discount
Section 37.2 - Definitions

Universal Citation: 2 NY Comp Codes Rules and Regs ยง 37.2

Current through Register Vol. 46, No. 39, September 25, 2024

For purposes of this Part:

(a) Competitive sale shall mean the sale of bonds or notes in accordance with the procedures set forth in sections 58.00 and 59.00 of the Local Finance Law.

(b) Negotiated sale shall mean all sales other than competitive sale.

(c) Variable rate obligations shall mean bonds and notes issued pursuant to section 54.90 of the Local Finance Law.

(d) Financially responsible party, municipality, finance board, school district and district corporation shall have the meanings ascribed to them by the Local Finance Law.

(e) Discount bonds shall mean an issue of bonds sold for a price which is less than the par value thereof in accordance with the provisions of paragraphs e and f of section 57.00 of the Local Finance Law.

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