N.Y. Comp. Codes R. & Regs. Tit. 2 § 25.1 - Purpose of regulation
The purpose of this regulation is to prescribe requirements for notices of sale of bonds by municipalities, school districts and district corporations. It is adopted pursuant to section 57.00 (d) of the Local Finance Law, which requires the Comptroller to adopt a rule in connection with the sale of bonds:
(a) designating a financial newspaper in
which notices of the sale of bonds may be published;
(b) prescribing the procedure for the
circularization of such notices;
(c) prescribing requirements relating to the
content, publication or circularization of such notices, in addition to but not
inconsistent with the provisions of the Local Finance Law; and
(d) prescribing the requirements for the
alternative and permissive publication or circularization of notices of the
sale of bonds of an issue not exceeding $5,000, as permitted by section
63.00 of
the Local Finance Law.
Notes
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