STATE OF NEW YORK
________________________________________________________________________
2881--B
2017-2018 Regular Sessions
IN ASSEMBLY
January 23, 2017
___________
Introduced by M. of A. BRINDISI -- read once and referred to the Commit-
tee on Banks -- committee discharged, bill amended, ordered reprinted
as amended and recommitted to said committee -- again reported from
said committee with amendments, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend the general municipal law, in relation to the definition
of eligible securities in relation to obligations of domestic corpo-
rations
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subparagraph (viii) of paragraph f of subdivision 1 of
2 section 10 of the general municipal law, as amended by chapter 623 of
3 the laws of 1998, is amended to read as follows:
4 (viii) Obligations of domestic corporations rated in one of the [two]
5 four highest rating categories by at least one nationally recognized
6 statistical rating organization.
7 § 2. This act shall take effect on the first of January next succeed-
8 ing the date on which it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01882-04-7
