New York LFN Code § 58.00

Notice of sale of bonds
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§ 58.00 Notice of sale of bonds.  * a. There shall be published, at\nleast once, not less than five nor more than thirty days before the date\nfixed for the public sale of bonds, a notice of such public sale or a\nsummary thereof in accordance with one of the following methods: (1) the\nnotice of sale shall be published in any financial newspaper published\nand circulated in the city of New York which the state comptroller, in\nthe rule or order referred to in paragraph d of section 57.00 of this\nchapter, shall designate for such publication; (2) the notice of sale\nshall be circularized in such manner as the state comptroller shall\nprescribe in such rule or order and shall be published in any newspaper\nor newspapers which the finance board of the municipality, school\ndistrict or district corporation may designate for such purpose; or (3)\n(i) a summary of the notice of sale shall be published in both the\nfinancial newspaper published and circulated in the city of New York\nwhich the state comptroller has designated in the rule or order referred\nto in paragraph d of section 57.00 of this chapter, and (ii) any\nnewspaper or newspapers which the finance board of the municipality,\nschool district or district corporation may designate for such purpose.\nA summary of the notice of sale shall at a minimum contain the name of\nthe issuer, the amount, date, and maturities of the bonds, the frequency\nof interest payments, the place where bids will be received, the\ndesignation of the receiving device if the finance board of the issuing\nmunicipality, school district or district corporation has authorized or\nrequired the receipt of bids in an electronic format, the time and date\nfor the opening of the bids, including circumstances under which such\ntime and date may be changed in accordance with law, the method of award\nand a procedure for promptly obtaining the complete notice of sale and\nany preliminary official statement prepared in connection with the sale,\nand such other information as the state comptroller may prescribe by\nrule or order.\n  * NB Effective until June 1, 2028\n  * a. There shall be published, at least once, not less than five nor\nmore than thirty days before the date fixed for the public sale of\nbonds, a notice of such public sale or a summary thereof in accordance\nwith one of the following methods: (1) the notice of sale shall be\npublished in any financial newspaper published and circulated in the\ncity of New York which the state comptroller, in the rule or order\nreferred to in paragraph d of section 57.00 of this chapter, shall\ndesignate for such publication; (2) the notice of sale shall be\ncircularized in such manner as the state comptroller shall prescribe in\nsuch rule or order and shall be published in any newspaper or newspapers\nwhich the finance board of the municipality, school district or district\ncorporation may designate for such purpose; or (3) (i) a summary of the\nnotice of sale shall be published in both the financial newspaper\npublished and circulated in the city of New York which the state\ncomptroller has designated in the rule or order referred to in paragraph\nd of section 57.00 of this chapter, and (ii) any newspaper or newspapers\nwhich the finance board of the municipality, school district or district\nor district corporation may designate for such purpose. A summary of the\nnotice of sale shall at a minimum contain the name of the issuer, the\namount, date, and maturities of the bonds, the frequency of interest\npayments, the place where bids will be received, the time and date for\nthe opening of the bids, including circumstances under which such time\nand date may be changed in accordance with law, the method of award and\na procedure for promptly obtaining the complete notice of sale and any\npreliminary official statement prepared in connection with the sale, and\nsuch other information as the state comptroller may prescribe by rule or\norder.\n  * NB Effective J

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