Installment Purchase Contracts by Political Subdivisions | Midpage

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New York Codes, Rules and Regulations

Subchapter A. Sales of Bonds and Notes; Debt Statements

Part 39

Installment Purchase Contracts by Political Subdivisions

Department of Audit and Control

39.0Background.39.1Definitions.39.2Evaluation of financing alternatives.39.3Adoption of resolution authorizing an installment purchase contract.39.4Compliance with competitive bidding statutes or other applicable provisions.39.5Procurement of vendor and nonvendor financing.39.6Public sale of certificates of participation.39.7Private sale of certificates of participation.39.8Solicitation of alternative financing quotations.39.9Application of periodic payments and proceeds of certificates of participation.39.10Report to the State Comptroller.