STATE OF NEW YORK
________________________________________________________________________
5639--A
2017-2018 Regular Sessions
IN SENATE
April 24, 2017
___________
Introduced by Sen. GOLDEN -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend the legislative law, in relation to fiscal notes on
retirement bills
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 50 of the legislative law, as added by chapter 503
2 of the laws of 1971, is amended to read as follows:
3 § 50. Fiscal note in retirement bills. 1. A bill which enacts or
4 amends any provision of law relating to a retirement system or plan of
5 the state of New York or of any of its political subdivisions shall
6 contain a fiscal note stating the estimated annual cost to the employer
7 affected and the source of such estimate.
8 2. Notwithstanding any provision of law to the contrary, a retirement
9 system or plan of the state of New York or of any of its political
10 subdivisions that receives a request for a fiscal note that is required
11 to be contained in a bill pursuant to this section shall have fifteen
12 business days to provide the fiscal note to the requester.
13 3. Any retirement system or plan of the state of New York or of any of
14 its political subdivisions that fails to timely provide a fiscal note
15 requested pursuant to subdivision two of this section shall be required
16 to reimburse the cost of obtaining a fiscal note from an outside source.
17 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11127-02-7
