Assembly Bill A8853

Signed By Governor
2013-2014 Legislative Session

Extends certain provisions of law relating to temporary investments by local governments

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Archive: Last Bill Status - Signed by Governor

  • 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

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2013-A8853 (ACTIVE) - Details

See Senate Version of this Bill:
S6624
Law Section:
General Municipal Law
Laws Affected:
Amd ยง2, Chap 130 of 1998

2013-A8853 (ACTIVE) - Summary

Extends certain provisions of law relating to temporary investments by local governments.

2013-A8853 (ACTIVE) - Bill Text download pdf 

                            
                    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:

  Section  1. Section 2 of chapter 130 of the laws of 1998, amending the
general municipal law relating to temporary investments by local govern-
ments, as amended by chapter 107 of the laws of 2011, is amended to read
as follows:
  S 2. This act shall take effect June 30, 1998 and shall expire and  be
deemed  repealed on July 1, [2014] 2017, provided, however, that invest-
ments purchased prior to the expiration of  this  act  pursuant  to  the
provisions  of paragraph a of subdivision 3 of section 11 of the general
municipal law, as designated and amended by section  one  of  this  act,
shall  continue to be subject to the conditions contained in such subdi-
vision to the same extent as they had been subject thereto prior to such
expiration and repeal.
  S 2. This act shall take effect immediately; provided however, if this
act shall have become a law after July 1, 2014 it  shall  be  deemed  to
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

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