Bill Text: NY A08853 | 2013-2014 | General Assembly | Introduced
Bill Title: Extends certain provisions of law relating to temporary investments by local governments.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2014-06-30 - signed chap.48 [A08853 Detail]
Download: New_York-2013-A08853-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
8853
I N A S S E M B L Y
February 25, 2014
___________
Introduced by M. of A. FARRELL -- read once and referred to the Commit-
tee on Cities
AN ACT to amend chapter 130 of the laws of 1998, amending the general
municipal law relating to temporary investments by local governments,
in relation to extending the expiration of the provisions thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Section 2 of chapter 130 of the laws of 1998, amending the
2 general municipal law relating to temporary investments by local govern-
3 ments, as amended by chapter 107 of the laws of 2011, is amended to read
4 as follows:
5 S 2. This act shall take effect June 30, 1998 and shall expire and be
6 deemed repealed on July 1, [2014] 2017, provided, however, that invest-
7 ments purchased prior to the expiration of this act pursuant to the
8 provisions of paragraph a of subdivision 3 of section 11 of the general
9 municipal law, as designated and amended by section one of this act,
10 shall continue to be subject to the conditions contained in such subdi-
11 vision to the same extent as they had been subject thereto prior to such
12 expiration and repeal.
13 S 2. This act shall take effect immediately; provided however, if this
14 act shall have become a law after July 1, 2014 it shall be deemed to
15 have been in full force and effect on and after July 1, 2014.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14006-01-4
