Do you support this bill?

Senate Bill S10432

2025-2026 Legislative Session

Extends provisions of law relating to temporary investments by local governments

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Local Government Committee

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

2025-S10432 (ACTIVE) - Details

See Assembly Version of this Bill:
A11358
Current Committee:
Senate Local Government
Law Section:
General Municipal
Laws Affected:
Amd §2, Chap 130 of 1998
Versions Introduced in 2023-2024 Legislative Session:
S6122, A7400

2025-S10432 (ACTIVE) - Summary

Extends provisions of law relating to temporary investments by local governments.

2025-S10432 (ACTIVE) - Sponsor Memo

2025-S10432 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10432
 
                             I N  S E N A T E
 
                               May 15, 2026
                                ___________
 
 Introduced  by Sen. MARTINEZ -- (at request of the NYC Office of Manage-
   ment and Budget) -- read twice and ordered printed, and  when  printed
   to be committed to the Committee on Local Government
 
 AN  ACT to   amend chapter 130 of the laws of 1998, amending the general
   municipal law relating to temporary investments by local  governments,
   in relation to extending the expiration of the provisions thereof

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Section 2 of chapter 130 of the laws of 1998, amending the
 general municipal law relating to temporary investments by local govern-
 ments,  as amended by of chapter 162 of the laws of 2023, is amended  to
 read as follows:
   §  2. This act shall take effect June 30, 1998 and shall expire and be
 deemed repealed on July 1, [2026] 2029, provided, however, that  invest-
 ments  purchased  prior  to  the  expiration of this act pursuant to the
 provisions of paragraph a of subdivision 3 of section 11 of the  general
 municipal  law,  as  designated  and amended by section one of this act,
 shall continue to be subject to the conditions contained in such  subdi-
 vision to the same extent as they had been subject thereto prior to such
 expiration and repeal.
   § 2. This act shall take effect immediately; provided however, that if
 this  act  shall have become a law after July 1, 2026 it shall be deemed
 to have been in full force and effect on and after July 1, 2026.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14500-01-6

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.