- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
- Text
- LFIN
- Chamber Video/Transcript
A07209 Summary:
BILL NO | A07209 |
  | |
SAME AS | SAME AS S06323 |
  | |
SPONSOR | Thiele |
  | |
COSPNSR | Sillitti, Griffin, Lupardo |
  | |
MLTSPNSR | |
  | |
Amd §11, Gen Muni L | |
  | |
Relates to temporary investments by local governments. |
A07209 Actions:
BILL NO | A07209 | |||||||||||||||||||||||||||||||||||||||||||||||||
  | ||||||||||||||||||||||||||||||||||||||||||||||||||
04/29/2021 | referred to local governments | |||||||||||||||||||||||||||||||||||||||||||||||||
05/20/2021 | reported referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
06/01/2021 | reported referred to rules | |||||||||||||||||||||||||||||||||||||||||||||||||
06/02/2021 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
06/02/2021 | rules report cal.365 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/02/2021 | ordered to third reading rules cal.365 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/03/2021 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/03/2021 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
06/03/2021 | REFERRED TO RULES | |||||||||||||||||||||||||||||||||||||||||||||||||
06/09/2021 | SUBSTITUTED FOR S6323 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/09/2021 | 3RD READING CAL.1652 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/09/2021 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/09/2021 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
07/12/2021 | delivered to governor | |||||||||||||||||||||||||||||||||||||||||||||||||
07/16/2021 | signed chap.255 |
A07209 Committee Votes:
Thiele | Aye | Schmitt | Aye | ||||||
Ramos | Aye | Friend | Aye | ||||||
Otis | Aye | Manktelow | Aye | ||||||
Woerner | Aye | Gallahan | Aye | ||||||
Wallace | Aye | Simpson | Aye | ||||||
Jacobson | Aye | ||||||||
Darling | Aye | ||||||||
Clark | Aye | ||||||||
Conrad | Aye | ||||||||
Rivera | Aye | ||||||||
Sillitti | Aye | ||||||||
Kelles | Aye | ||||||||
Lunsford | Aye | ||||||||
Weinstein | Aye | Ra | Aye | ||||||
Glick | Aye | Fitzpatrick | Aye | ||||||
Nolan | Excused | Hawley | Aye | ||||||
Pretlow | Aye | Montesano | Aye | ||||||
Perry | Aye | Blankenbush | Aye | ||||||
Colton | Aye | Norris | Aye | ||||||
Cook | Aye | Brabenec | Aye | ||||||
Cahill | Aye | Palmesano | Aye | ||||||
Aubry | Aye | Byrne | Aye | ||||||
Cusick | Aye | Ashby | Aye | ||||||
Benedetto | Aye | ||||||||
Weprin | Aye | ||||||||
Rodriguez | Aye | ||||||||
Ramos | Aye | ||||||||
Braunstein | Aye | ||||||||
McDonald | Aye | ||||||||
Rozic | Aye | ||||||||
Dinowitz | Aye | ||||||||
Joyner | Aye | ||||||||
Magnarelli | Aye | ||||||||
Zebrowski | Aye | ||||||||
Bronson | Aye | ||||||||
Dilan | Aye | ||||||||
Seawright | Aye | ||||||||
Hyndman | Aye | ||||||||
Heastie | Aye | Barclay | Aye | ||||||
Gottfried | Aye | Hawley | Aye | ||||||
Nolan | Excused | Giglio | Aye | ||||||
Weinstein | Aye | Blankenbush | Aye | ||||||
Pretlow | Aye | Norris | Aye | ||||||
Cook | Aye | Montesano | Aye | ||||||
Glick | Aye | Ra | Aye | ||||||
Aubry | Aye | Brabenec | Aye | ||||||
Englebright | Aye | ||||||||
Dinowitz | Aye | ||||||||
Colton | Aye | ||||||||
Magnarelli | Aye | ||||||||
Perry | Aye | ||||||||
Paulin | Aye | ||||||||
Peoples-Stokes | Aye | ||||||||
Benedetto | Aye | ||||||||
Lavine | Aye | ||||||||
Lupardo | Aye | ||||||||
Zebrowski | Aye | ||||||||
Thiele | Aye | ||||||||
Braunstein | Aye | ||||||||
Dickens | Aye | ||||||||
Davila | Aye | ||||||||
Go to top
A07209 Floor Votes:
Yes
Abbate
Yes
Clark
Yes
Frontus
Yes
Lalor
Yes
Paulin
Yes
Sillitti
Yes
Abinanti
Yes
Colton
Yes
Galef
Yes
Lavine
Yes
Peoples-Stokes
Yes
Simon
Yes
Anderson
Yes
Conrad
Yes
Gallagher
Yes
Lawler
Yes
Perry
Yes
Simpson
Yes
Angelino
Yes
Cook
Yes
Gallahan
Yes
Lemondes
Yes
Pheffer Amato
Yes
Smith
Yes
Ashby
Yes
Cruz
Yes
Gandolfo
Yes
Lunsford
Yes
Pichardo
Yes
Smullen
Yes
Aubry
Yes
Cusick
Yes
Giglio JA
Yes
Lupardo
Yes
Pretlow
Yes
Solages
Yes
Barclay
Yes
Cymbrowitz
Yes
Giglio JM
Yes
Magnarelli
Yes
Quart
Yes
Steck
Yes
Barnwell
Yes
Darling
Yes
Glick
Yes
Mamdani
Yes
Ra
Yes
Stern
Yes
Barrett
Yes
Davila
Yes
Gonzalez-Rojas
Yes
Manktelow
Yes
Rajkumar
Yes
Stirpe
Yes
Barron
Yes
De La Rosa
Yes
Goodell
Yes
McDonald
Yes
Ramos
Yes
Tague
Yes
Benedetto
Yes
DeStefano
Yes
Gottfried
Yes
McDonough
Yes
Reilly
Yes
Tannousis
Yes
Bichotte Hermel
Yes
Dickens
Yes
Griffin
Yes
McMahon
Yes
Reyes
Yes
Taylor
Yes
Blankenbush
Yes
Dilan
Yes
Gunther
Yes
Meeks
Yes
Richardson
Yes
Thiele
Yes
Brabenec
Yes
Dinowitz
Yes
Hawley
Yes
Mikulin
Yes
Rivera J
Yes
Vanel
Yes
Braunstein
Yes
DiPietro
Yes
Hevesi
Yes
Miller B
Yes
Rivera JD
Yes
Walczyk
Yes
Bronson
Yes
Durso
Yes
Hunter
Yes
Miller M
Yes
Rodriguez
Yes
Walker
Yes
Brown
Yes
Eichenstein
Yes
Hyndman
Yes
Mitaynes
Yes
Rosenthal D
Yes
Wallace
Yes
Burdick
Yes
Englebright
Yes
Jackson
Yes
Montesano
Yes
Rosenthal L
Yes
Walsh
Yes
Burgos
Yes
Epstein
Yes
Jacobson
Yes
Morinello
Yes
Rozic
Yes
Weinstein
Yes
Burke
Yes
Fahy
Yes
Jean-Pierre
Yes
Niou
Yes
Salka
Yes
Weprin
Yes
Buttenschon
Yes
Fall
Yes
Jensen
ER
Nolan
Yes
Santabarbara
Yes
Williams
Yes
Byrne
Yes
Fernandez
Yes
Jones
Yes
Norris
Yes
Sayegh
Yes
Woerner
Yes
Byrnes
Yes
Fitzpatrick
Yes
Joyner
Yes
O'Donnell
Yes
Schmitt
Yes
Zebrowski
Yes
Cahill
ER
Forrest
Yes
Kelles
Yes
Otis
Yes
Seawright
Yes
Zinerman
Yes
Carroll
Yes
Friend
Yes
Kim
Yes
Palmesano
Yes
Septimo
Yes
Mr. Speaker
‡ Indicates voting via videoconference
A07209 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 7209 2021-2022 Regular Sessions IN ASSEMBLY April 29, 2021 ___________ Introduced by M. of A. THIELE -- read once and referred to the Committee on Local Governments AN ACT to amend the general municipal law, in relation to authorized investments for local governments The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The opening paragraph of subparagraph 2 of paragraph a and 2 subparagraph 2 of paragraph b of subdivision 3 of section 11 of the 3 general municipal law, the opening paragraph of subparagraph 2 of para- 4 graph a as amended by section 1 of part W of chapter 406 of the laws of 5 1999 and subparagraph 2 of paragraph b as amended by chapter 130 of the 6 laws of 1998, are amended to read as follows: 7 notwithstanding any other provision of general, special or local law, 8 any city having a population of one million or more and any county may 9 also make investments in the following: 10 (2) Such obligations, unless registered or inscribed in the name of 11 the local government, shall be purchased through, delivered to and held 12 in the custody of a bank or trust company or, with respect to the city 13 of New York and counties, a reputable dealer in such obligations as 14 shall be designated by the state comptroller, in this state. Such obli- 15 gations shall be purchased, sold or presented for redemption or payment 16 by such bank or trust company or dealer in obligations only in accord- 17 ance with prior written authorization from the officer authorized to 18 make the investment. All such transactions shall be confirmed in writing 19 to the local government by the bank or trust company. All obligations 20 held in the custody of a bank or trust company pursuant to this para- 21 graph shall be held by such bank or trust company pursuant to a written 22 custodial agreement as set forth in paragraph a of subdivision three of 23 section ten of this article. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10942-01-1A. 7209 2 1 § 2. Paragraph b of subdivision 3 of section 11 of the general munici- 2 pal law, as amended by chapter 548 of the laws of 1997, is amended to 3 read as follows: 4 b. Such obligations, unless registered or inscribed in the name of the 5 local government, shall be purchased through, delivered to and held in 6 the custody of a bank or trust company or, with respect to the city of 7 New York and counties, a reputable dealer in such obligations as shall 8 be designated by the state comptroller, in this state. Such obligations 9 shall be purchased, sold or presented for redemption or payment by such 10 bank or trust company or dealer in obligations only in accordance with 11 prior written authorization from the officer authorized to make the 12 investment. All such transactions shall be confirmed in writing to the 13 local government by the bank or trust company. All obligations held in 14 the custody of a bank or trust company pursuant to this paragraph shall 15 be held by such bank or trust company pursuant to a written custodial 16 agreement as set forth in paragraph a of subdivision three of section 17 ten of this article. 18 § 3. This act shall take effect immediately, provided however the 19 amendments to subdivision 3 of section 11 of the general municipal law 20 made by section one of this act shall be subject to the expiration and 21 reversion of such subdivision pursuant to section 2 of chapter 130 of 22 the laws of 1998, as amended, when upon such date the provisions of 23 section two of this act shall take effect.