Bill Title: Requires the state comptroller to adopt comprehensive investment guidelines which detail the department of audit and control's advisory policy and instructions to the chief executive and chief fiscal officers and the finance board, as may be appropriate, of each local government entity which shall include counties, cities, towns, villages, school districts and district corporations, within the meaning of that term as set out in subdivision three of S66 of the general construction law, or any other government subdivision of the state regarding the investing, monitoring and reporting of funds of the applicable local government entity; provides that such investment guidelines approved by the comptroller shall be annually submitted and reviewed by the legislature.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2010-05-25 - ADVANCED TO THIRD READING [S01322 Detail]

Text: Latest bill text (Introduced) [HTML]

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