STATE OF NEW YORK
________________________________________________________________________
6122
2023-2024 Regular Sessions
IN SENATE
March 30, 2023
___________
Introduced by Sen. MARTINEZ -- 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:
1 Section 1. Section 2 of chapter 130 of the laws of 1998, amending the
2 general municipal law relating to temporary investments by local govern-
3 ments, as amended by section 1 of item OO of subpart B of part XXX of
4 chapter 58 of the laws of 2020, is amended to read as follows:
5 § 2. This act shall take effect June 30, 1998 and shall expire and be
6 deemed repealed on July 1, [2023] 2026, provided, however, that invest-
7 ments purchased prior to the expiration of this act pursuant to the
8 provisions of paragraph a of subdivision 3 of section 11 of the general
9 municipal law, as designated and amended by section one of this act,
10 shall continue to be subject to the conditions contained in such subdi-
11 vision to the same extent as they had been subject thereto prior to such
12 expiration and repeal.
13 § 2. This act shall take effect immediately; provided however, that if
14 this act shall have become a law after July 1, 2023 it shall be deemed
15 to have been in full force and effect on and after July 1, 2023.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07034-01-3
