S T A T E O F N E W Y O R K
________________________________________________________________________
2266
2011-2012 Regular Sessions
I N S E N A T E
January 18, 2011
___________
Introduced by Sen. KRUGER -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the legislative law, in relation to the fiscal note
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 50 of the legislative law, as added by chapter 503
of the laws of 1971, is amended to read as follows:
S 50. Fiscal note in retirement bills. A bill which enacts or amends
any provision of law relating to a retirement system or plan of the
state of New York or of any of its political subdivisions shall contain
a fiscal note stating the estimated annual cost to the employer affected
and the source of such estimate. A COPY OF SUCH FISCAL NOTE, SIGNED BY
THE APPROPRIATE ACTUARY, SHALL BE FILED WITH THE JOURNAL CLERK OF THE
SENATE AND THE JOURNAL CLERK IN THE ASSEMBLY.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07046-01-1