Assembly Bill A7400

Signed By Governor
2023-2024 Legislative Session

Extends provisions of law relating to temporary investments by local governments

download bill text pdf

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Current 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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2023-A7400 (ACTIVE) - Details

See Senate Version of this Bill:
S6122
Law Section:
General Municipal Law
Laws Affected:
Amd §2, Chap 130 of 1998

2023-A7400 (ACTIVE) - Summary

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

2023-A7400 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7400
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 19, 2023
                                ___________
 
 Introduced  by  M.  of A. PHEFFER AMATO -- read once and referred to the
   Committee 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 section 1 of item OO of subpart B of part XXX of
 chapter 58 of the laws of 2020, is amended to read as follows:
   § 2. This act shall take effect June 30, 1998 and shall expire and  be
 deemed  repealed on July 1, [2023] 2026, provided, however, that invest-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.
   § 2. This act shall take effect immediately; provided however, that if
 this act shall have become a law after July 1, 2023 it shall  be  deemed
 to have been in full force and effect on and after July 1, 2023.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10837-01-3

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