Section 1680-H. Sale of bonds by the authority

1. Notwithstanding any other
  provision  of law, the bonds of the authority issued pursuant to section
  sixteen hundred eighty-g of this article shall be  sold  to  the  bidder
  offering  the  lowest  true interest cost, taking into consideration any
  premium or discount not less than  four  nor  more  than  fifteen  days,
  Sundays  excepted,  after  a  notice  of such sale has been published at
  least once in a definitive  trade  publication  of  the  municipal  bond
  industry, which shall state the terms of the sale. The terms of the sale
  may  not  change  unless  notice of such change is sent via a definitive
  trade wire service of the municipal bond industry which in general makes
  available information regarding activity in sales of municipal bonds  at
  least one day prior to the date of the sale as set forth in the original
  notice  of  sale. Advertisements shall contain a provision to the effect
  that the authority, in its discretion, may reject any or all  bids  made
  in pursuance of such advertisements, and in the event of such rejection,
  the  authority  is  authorized  to negotiate a private or public sale or
  readvertise for bids in the form and  manner  above  described  as  many
  times  as,  in  its judgement, may be necessary to effect a satisfactory
  sale.
    2. Notwithstanding the provisions of subdivision one of this  section,
  whenever  in  the  judgement  of  the  authority  the  interests  of the
  authority will be served thereby, the authority may authorize  the  sale
  of  such  bonds  at  private  or public sale on a negotiated basis or on
  either a competitive  or  negotiated  basis.  The  authority  shall  set
  guidelines  governing  the  terms  and conditions of any such private or
  public sales.