---
type: "Bill"
title: "Establishes an electronic open auction bond sale pilot program"
description: "Establishes an electronic open auction public bond sale pilot program to conduct open auction public bond sales through nationally recognized securities bidding services."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2019-2020"
identifier: "S 5886"
citation: "New York S 5886 (2019-2020)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["GAUGHRAN"]
version_count: 2
action_count: 14
vote_count: 3
first_action: "2019-05-16"
last_action: "2019-12-12"
source: "openstates"
source_identifier: "ocd-bill/659d8ad6-6643-4747-a9db-47d44168163f"
source_url: "http://www.nysenate.gov/legislation/bills/2019/S5886"
source_hash: "f7a41da022a6d2494aecddf540d2fde879fcf70bcabe395df7f963024cedcb81"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---

# New York S 5886 (2019-2020) — Establishes an electronic open auction bond sale pilot program

Establishes an electronic open auction public bond sale pilot program to conduct open auction public bond sales through nationally recognized securities bidding services.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **S5886** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S5886&term=2019&Text=Y)
2. **S5886A** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2019/S5886A)

## Votes

- Assembly Vote — **144–0** (pass) · lower
- Rules Vote - Version: A — **19–0** (pass) · upper
- Floor Vote - Version: A — **62–0** (pass) · upper

## Sponsors

- GAUGHRAN — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2019-05-16** REFERRED TO LOCAL GOVERNMENT `referral-committee`
- **2019-06-14** AMEND (T) AND RECOMMIT TO LOCAL GOVERNMENT `referral-committee, amendment-passage`
- **2019-06-14** PRINT NUMBER 5886A `amendment-passage`
- **2019-06-19** COMMITTEE DISCHARGED AND COMMITTED TO RULES `referral-committee`
- **2019-06-19** ORDERED TO THIRD READING CAL.1698
- **2019-06-19** PASSED SENATE `passage`
- **2019-06-19** DELIVERED TO ASSEMBLY
- **2019-06-19** REFERRED TO WAYS AND MEANS `referral-committee`
- **2019-06-20** SUBSTITUTED FOR A8336A
- **2019-06-20** ORDERED TO THIRD READING RULES CAL.568
- **2019-06-20** PASSED ASSEMBLY `passage`
- **2019-06-20** RETURNED TO SENATE
- **2019-12-06** DELIVERED TO GOVERNOR `executive-receipt`
- **2019-12-12** SIGNED CHAP.643 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/659d8ad6-6643-4747-a9db-47d44168163f`. Confidence: reported (aggregated from official New York legislature records).