Legislation allows Internet sales of public bonds
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- August
- 14
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.
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