STATE OF NEW YORK
________________________________________________________________________
4575
2017-2018 Regular Sessions
IN SENATE
February 17, 2017
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Introduced by Sen. GRIFFO -- read twice and ordered printed, and when
printed to be committed to the Committee on Finance
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:
1 Section 1. Subparagraph (i) of paragraph 4 of subdivision (a) of
2 section 83 of the state finance law, as amended by section 1 of part AA
3 of chapter 58 of the laws of 2015, is amended to read as follows:
4 (i) There is hereby created a special account within the conservation
5 fund to be known as the state fish and game trust account to consist of
6 all moneys received by the state from the sale of lifetime hunting,
7 fishing, and trapping licenses, and lifetime archery and muzzle-loading
8 privileges pursuant to section 11-0702 of the environmental conservation
9 law except those moneys deposited in the habitat conservation and access
10 account pursuant to section eighty-three-a of this chapter. The state
11 comptroller shall invest the moneys in such account in securities as
12 defined by section ninety-eight-a of this article or as otherwise deemed
13 appropriate by the comptroller to maximize income for the account
14 consistent with the provisions of subdivision b of section thirteen of
15 the retirement and social security law. Any income earned by the invest-
16 ment of such moneys, except income transferred to the conservation fund
17 pursuant to subparagraph (iii) of this paragraph, shall be added to and
18 become a part of, and shall be used for the purposes of such account.
19 § 2. This act shall take effect on the thirtieth day after it shall
20 have become a law; provided, however, that, effective immediately, the
21 addition, amendment and/or repeal of any rule or regulation necessary
22 for the implementation of this act on its effective date are authorized
23 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
