Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 20, 2015 |
signed chap.455 |
Nov 10, 2015 |
delivered to governor |
Jun 15, 2015 |
returned to assembly passed senate substituted for s5299 referred to rules delivered to senate passed assembly |
Jun 10, 2015 |
ordered to third reading rules cal.283 rules report cal.283 reported |
Jun 08, 2015 |
reported referred to rules |
May 14, 2015 |
referred to ways and means |
Assembly Bill A7509
Signed By Governor2015-2016 Legislative Session
Sponsored By
FARRELL
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
Actions
Votes
2015-A7509 (ACTIVE) - Details
- See Senate Version of this Bill:
- S5299
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §98, St Fin L
2015-A7509 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7509 2015-2016 Regular Sessions I N A S S E M B L Y May 14, 2015 ___________ Introduced by M. of A. FARRELL -- (at request of the State Comptroller) -- read once and referred to the Committee on Ways and Means AN ACT to amend the state finance law, in relation to increasing the limit on short term investment pool investments THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 3-a, 18 and 19 of section 98 of the state finance law, subdivisions 3-a and 18 as amended by chapter 219 of the laws of 1999 and subdivision 19 as amended by chapter 201 of the laws of 1996, are amended to read as follows: 3-a. Notes, bonds, debentures, mortgages and other evidences of indebtedness of the United States Postal Service; the federal national mortgage association; federal home loan mortgage corporation; student loan marketing association; federal farm credit system or any other United States government sponsored agency, provided that at the time of the investment such agency or its obligations are rated and the agency receives, or its obligations receive, the highest rating of all inde- pendent rating agencies that rate such agency or its obligations, provided, however, that no more than [two hundred fifty] FIVE HUNDRED million dollars may be invested in the obligations of any one agency. 18. Obligations of any corporation organized under the laws of any state in the United States maturing within two hundred seventy days provided that such obligations receive the highest rating of two inde- pendent rating services designated by the comptroller and that the issuer of such obligations has maintained such ratings on similar obli- gations during the preceding six months provided, however, that the issuer of such obligations need not have received such rating during the prior six month period if such issuer has received the highest rating of two independent rating services designated by the state comptroller and is the successor or wholly owned subsidiary of an issuer that has main- tained such ratings on similar obligations during the preceding six EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06939-03-5
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