Local Finance Law (LFN) Section 58.10 establishes an electronic open auction bond sale pilot program authorizing municipalities to conduct open auction public bond sales through any electronic securities bidding service approved by the Superintendent (“Approved Bond Service Provider”).
Entities wishing to become an Approved Bond Service Provider shall apply to the Superintendent for authorization by completing and submitting the application form provided below.
If the Superintendent determines that the requirements and conditions of the open auction are in accordance with the provisions of this chapter and the bidding service provides a secure, open and competitive opportunity for qualified bidders to submit proposals, the application shall be approved.
The open auction municipal bond services provider application information is available below in multiple formats. Applicants should provide all of the information requested in the format that works best for them.
Completed applications should be submitted to [email protected].
Approved Bond Services Providers
Entities approved by the Superintendent to approved, as of the date noted, to operate as an Electronic Open Auction Municipal Bond Services Provider in New York:
|Grant Street Group||March 12, 2021|
Questions about the open auction municipal bond services provider application process should be directed to this department at [email protected].
All scheduling and administration of debt offerings is conducted by the Office of the New York State Comptroller, including municipal debt offerings. Municipalities looking for more information about Debt Management should visit the website of the Office of the New York State Comptroller's office.