New York Laws
Title 4 - Dormitory Authority
1689-B - Sale of Bonds by the Authority.

(b) Notwithstanding the provisions of paragraph (a) of this
subdivision, whenever in the judgment of the authority the interests of
the authority will be served thereby, the members of the authority, on
the written recommendation of the executive director, may authorize the
sale of such bonds at private or public sale on a negotiated basis or on
either a competitive or negotiated basis. The authority shall set
guidelines governing the terms and conditions of any such private or
public sales.
2. The authority shall annually prepare and approve a bond sale
report which shall identify results of any sale of bonds pursuant to
this section conducted during the fiscal year. Such bond sale report may
be a part of any other annual report that the authority is required to
make.
3. The authority shall annually submit such bond sale report to the
comptroller and copies thereof to the senate finance committee and the
assembly ways and means committee and the director of the budget.

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