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Legislation allows Internet sales of public bonds


Gov. David Paterson has signed state legislation that allows Westchester County government to conduct public bond sales through nationally recognized Internet securities bidding services under a three-year pilot program.

Officials say that conducting bond sales over the Internet are not only a technological advance over the traditional methods of paper bids or fax machines but also a way for the county to save money.

“This bill will streamline the bidding process for our county, and save money on administrative costs,” said Assemblywoman Amy Paulin, D-Scarsdale, who sponsored the legislation.

The bill passed unanimously in the state Assembly and Senate.

This entry was posted on Friday, August 14th, 2009 at 2:16 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.


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