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Senate Bill S1219

2009-2010 Legislative Session

Requires comptroller to report investments of the common retirement fund in entertainment investments

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Archive: Last Bill Status - In Senate Committee Civil Service And Pensions Committee

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2009-S1219 (ACTIVE) - Details

Current Committee:
Senate Civil Service And Pensions
Law Section:
Comptroller

2009-S1219 (ACTIVE) - Summary

Requires comptroller to report investments of the common retirement fund in entertainment investments; includes companies or individuals involved in film, television or music.

2009-S1219 (ACTIVE) - Sponsor Memo

2009-S1219 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1219

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            January 28, 2009
                               ___________

Introduced by Sens. THOMPSON, ONORATO -- read twice and ordered printed,
  and when printed to be committed to the Committee on Civil Service and
  Pensions

AN  ACT  to require a report on the investments of the common retirement
  fund in entertainment investments

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  1. The state comptroller and the commissioner of taxation
and finance shall file, with the governor and the legislature, a  report
of  all money or assets of the common retirement fund invested in enter-
tainment investments. The report shall include but not be limited to the
names of the companies in which the investments are held and the type of
work done by each company. Every year thereafter, the comptroller  shall
report  on  all  entertainment  investments  acquired,  purchased, sold,
redeemed, divested or withdrawn in compliance with this act.
  2. For  purposes  of  this  act,  an  entertainment  investment  shall
include,  but not be limited to any company involved in film, television
or music or those individuals having involvement within film, television
or music.
  3. Such report shall be completed within one  year  of  the  effective
date of this act.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04708-01-9

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