Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to governmental employees |
Mar 17, 2009 |
referred to governmental employees |
Assembly Bill A6931
2009-2010 Legislative Session
Sponsored By
ESPAILLAT
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-A6931 (ACTIVE) - Details
- See Senate Version of this Bill:
- S2329
- Current Committee:
- Assembly Governmental Employees
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §13, add §423-c, R & SS L; amd §98-a, St Fin L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S3006
2013-2014: S1822
2015-2016: S4806
2017-2018: S2328
2009-A6931 (ACTIVE) - Summary
Relates to investments by the comptroller; requires the comptroller to comply with provisions of the executive law relating to participation by minority and women owned businesses in awarding contracts for investment services for the common retirement fund; creates commission to investigate investment practices of the comptroller's office and appropriates $500,000 therefor.
2009-A6931 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6931 2009-2010 Regular Sessions I N A S S E M B L Y March 17, 2009 ___________ Introduced by M. of A. ESPAILLAT -- read once and referred to the Committee on Governmental Employees AN ACT to amend the retirement and social security law and the state finance law, in relation to investment of the common retirement fund by the comptroller and creating an independent comptroller investment review commission, and making an appropriation therefor THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 13 of the retirement and social security law is amended by adding a new subdivision l to read as follows: L. CONSISTENT WITH THE COMPTROLLER'S ROLE AS THE ADMINISTRATIVE HEAD OF THE RETIREMENT SYSTEM AND SOLE TRUSTEE AND FIDUCIARY OF THE COMMON RETIREMENT FUND, THE COMPTROLLER SHALL COMPLY WITH THE REQUIREMENTS OF ARTICLE FIFTEEN-A OF THE EXECUTIVE LAW WITH RESPECT TO ANY CONTRACTS FOR INVESTMENT SERVICES. S 2. Section 98-a of the state finance law is amended by adding a new subdivision 3 to read as follows: 3. THE COMPTROLLER SHALL COMPLY WITH THE REQUIREMENTS OF ARTICLE FIFTEEN-A OF THE EXECUTIVE LAW WITH RESPECT TO ANY CONTRACTS FOR INVEST- MENT SERVICES. S 3. The retirement and social security law is amended by adding a new section 423-c to read as follows: S 423-C. COMPTROLLER INVESTMENT REVIEW COMMISSION. 1. APPOINTMENT OF MEMBERS. THERE SHALL BE ESTABLISHED A COMPTROLLER INVESTMENT REVIEW COMMISSION TO CONSIST OF ELEVEN MEMBERS TO BE APPOINTED AS FOLLOWS: FIVE MEMBERS SHALL BE APPOINTED BY THE GOVERNOR, TWO MEMBERS SHALL BE APPOINTED BY THE TEMPORARY PRESIDENT OF THE SENATE, TWO MEMBERS SHALL BE APPOINTED BY THE SPEAKER OF THE ASSEMBLY, ONE MEMBER SHALL BE APPOINTED BY THE MINORITY LEADER OF THE SENATE AND ONE MEMBER SHALL BE APPOINTED BY THE MINORITY LEADER OF THE ASSEMBLY. OF THE FIVE MEMBERS APPOINTED BY THE GOVERNOR ONE SHALL BE SELECTED FROM AMONG THE LEADERSHIP OF THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07544-01-9
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