S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5468
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 9, 2017
                                ___________
 
 Introduced by M. of A. BRINDISI -- read once and referred to the Commit-
   tee on Environmental Conservation
 
 AN  ACT  to  amend  the  state finance law, in relation to investment of
   moneys in the state fish and game trust account
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subparagraph  (i)  of  paragraph  4 of subdivision (a) of
 section 83 of the state finance law, as amended by section 1 of part  AA
 of chapter 58 of the laws of 2015, is amended to read as follows:
   (i)  There is hereby created a special account within the conservation
 fund to be known as the state fish and game trust account to consist  of
 all  moneys  received  by  the  state from the sale of lifetime hunting,
 fishing, and trapping licenses, and lifetime archery and  muzzle-loading
 privileges pursuant to section 11-0702 of the environmental conservation
 law except those moneys deposited in the habitat conservation and access
 account  pursuant  to  section eighty-three-a of this chapter. The state
 comptroller shall invest the moneys in such  account  in  securities  as
 defined by section ninety-eight-a of this article OR AS OTHERWISE DEEMED
 APPROPRIATE  BY  THE  COMPTROLLER  TO  MAXIMIZE  INCOME  FOR THE ACCOUNT
 CONSISTENT WITH THE PROVISIONS OF SUBDIVISION B OF SECTION  THIRTEEN  OF
 THE RETIREMENT AND SOCIAL SECURITY LAW. Any income earned by the invest-
 ment  of such moneys, except income transferred to the conservation fund
 pursuant to subparagraph (iii) of this paragraph, shall be added to  and
 become a part of, and shall be used for the purposes of such account.
   §  2.  This  act shall take effect on the thirtieth day after it shall
 have become a law; provided, however, that, effective  immediately,  the
 addition,  amendment  and/or  repeal of any rule or regulation necessary
 for the implementation of this act on its effective date are  authorized
 and directed to be made and completed on or before such effective date.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08984-01-7