Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 20, 2015 |
tabled vetoed memo.234 |
Nov 10, 2015 |
delivered to governor |
Jun 10, 2015 |
returned to assembly passed senate substituted for s4005 |
Jun 01, 2015 |
referred to education delivered to senate passed assembly |
May 29, 2015 |
advanced to third reading cal.501 |
May 27, 2015 |
reported |
May 19, 2015 |
reported referred to ways and means |
Apr 10, 2015 |
print number 6868a |
Apr 10, 2015 |
amend and recommit to governmental employees |
Apr 08, 2015 |
referred to governmental employees |
Assembly Bill A6868
Vetoed By Governor2015-2016 Legislative Session
Sponsored By
ABBATE
Archive: Last Bill Status - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2015-A6868 - Details
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §177, R & SS L
2015-A6868 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6868 2015-2016 Regular Sessions I N A S S E M B L Y April 8, 2015 ___________ Introduced by M. of A. ABBATE -- (at request of the New York State Teachers' Retirement System) -- read once and referred to the Commit- tee on Governmental Employees AN ACT to amend the retirement and social security law, in relation to eligible investments in foreign equity securities by public retirement systems of the state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 8 of section 177 of the retirement and social security law, as amended by chapter 594 of the laws of 1993, is amended to read as follows: 8. The trustees of a fund shall have the power to invest the moneys thereof in foreign equity securities provided that (a) any such equity security is registered on a national securities exchange, as provided in an act of congress of the United States, entitled the "Securities Exchange Act of 1934", approved June sixth, nineteen hundred thirty- four, as amended, or otherwise registered pursuant to said act and, if such equity security is so otherwise registered, price quotations there- for are furnished through a nationwide automated quotation system approved by the National Association of Securities Dealers, Inc. or is registered on a foreign exchange organized and regulated pursuant to the laws of the jurisdiction of such exchange and (b) the [corporation] ISSUER OF SUCH EQUITY SECURITY has averaged at least one billion dollars in annual sales for the three consecutive years preceding the year in which the investment is made or has market capitalization of at least one billion dollars at the time the investment is made. Investments in such foreign equities shall be included together with a fund's invest- ments in other equity securities for purposes of the percentage limita- tions set forth in [the foregoing subdivisions] SUBDIVISION TWO of this section, and not more than [ten] TWELVE AND A HALF per centum of the EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10388-01-5
2015-A6868A (ACTIVE) - Details
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §177, R & SS L
2015-A6868A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6868--A 2015-2016 Regular Sessions I N A S S E M B L Y April 8, 2015 ___________ Introduced by M. of A. ABBATE -- (at request of the New York State Teachers' Retirement System) -- read once and referred to the Commit- tee on Governmental Employees -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the retirement and social security law, in relation to eligible investments in foreign equity securities by public retirement systems of the state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 8 of section 177 of the retirement and social security law, as amended by chapter 594 of the laws of 1993, is amended to read as follows: 8. The trustees of a fund shall have the power to invest the moneys thereof in foreign equity securities provided that (a) any such equity security is registered on a national securities exchange, as provided in an act of congress of the United States, entitled the "Securities Exchange Act of 1934", approved June sixth, nineteen hundred thirty- four, as amended, or otherwise registered pursuant to said act and, if such equity security is so otherwise registered, price quotations there- for are furnished through a nationwide automated quotation system approved by the National Association of Securities Dealers, Inc. or is registered on a foreign exchange organized and regulated pursuant to the laws of the jurisdiction of such exchange and (b) the [corporation] ISSUER OF SUCH EQUITY SECURITY has averaged at least one billion dollars in annual sales for the three consecutive years preceding the year in which the investment is made or has market capitalization of at least one billion dollars at the time the investment is made. Investments in such foreign equities shall be included together with a fund's invest- ments in other equity securities for purposes of the percentage limita- tions set forth in [the foregoing subdivisions] SUBDIVISION TWO of this section, and not more than [ten] TWELVE AND A HALF per centum of the EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10388-02-5
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