senate Bill S965

2013-2014 Legislative Session

Relates to the attorney general's investigation and commencement of actions relating to fraudulent practices alleged to have damaged a public retirement system

download bill text pdf

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Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to civil service and pensions
Jan 09, 2013 referred to civil service and pensions

Co-Sponsors

S965 - Details

See Assembly Version of this Bill:
A6585
Current Committee:
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §14, R & SS L; amd §353, Gen Bus L
Versions Introduced in 2011-2012 Legislative Session:
S7465, A9627

S965 - Summary

Relates to the attorney general's investigation and commencement of actions relating to fraudulent practices alleged to have damaged a public retirement system.

S965 - Sponsor Memo

S965 - Bill Text download pdf

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

                                   965

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

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

AN ACT to amend the retirement and social security law and  the  general
  business  law, in relation to the attorney general's investigation and
  commencement of actions relating to fraudulent  practices  alleged  to
  have damaged a public retirement system

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

  Section 1.  Section 14 of the retirement and social  security  law  is
amended to read as follows:
  S  14.  Legal adviser.  The attorney-general of the state shall be the
legal adviser of the retirement system AND SHALL  RECEIVE  REQUESTS  FOR
INVESTIGATION   AND   LITIGATION   PURSUANT  TO  SECTION  THREE  HUNDRED
FIFTY-THREE OF THE GENERAL BUSINESS LAW.
  S 2. Subdivision 3 of section 353 of  the  general  business  law,  as
added by chapter 559 of the laws of 1976, is amended to read as follows:
  3.  (A) Upon a showing by the attorney general that a fraudulent prac-
tice as defined by this article has  occurred,  he  may  include  in  an
action  under  this  article an application to direct restitution of any
moneys or property obtained directly or indirectly by any  such  fraudu-
lent  practice,  PROVIDED  HOWEVER, THAT UPON THE WRITTEN REQUEST OF THE
TRUSTEE OF THE NEW YORK STATE AND LOCAL  EMPLOYEES'  RETIREMENT  SYSTEM,
THE  NEW  YORK  STATE AND LOCAL POLICE AND FIRE RETIREMENT SYSTEM OR THE
TRUSTEE OF ANY OTHER PUBLIC RETIREMENT SYSTEM AS DEFINED IN  SUBDIVISION
A  OF  SECTION  EIGHT HUNDRED OF THE RETIREMENT AND SOCIAL SECURITY LAW,
ALLEGING THAT SUCH PUBLIC RETIREMENT SYSTEM HAS  BEEN  DAMAGED  BY  SUCH
FRAUDULENT  PRACTICES,  THE  ATTORNEY GENERAL SHALL, WITHIN A REASONABLE
TIME PERIOD, INVESTIGATE THE FACTS ALLEGED IN  THE  REQUEST  AND,  WHERE
APPROPRIATE,  COMMENCE  AN  ACTION UNDER THIS ARTICLE FOR RESTITUTION TO
SUCH PUBLIC RETIREMENT SYSTEM OF ANY MONEYS OR PROPERTY OBTAINED DIRECT-

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

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