Bill Text: NY S05639 | 2017-2018 | General Assembly | Amended

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Bill Title: Provides that a retirement system or plan of the state shall have fifteen days upon request to provide a fiscal note required for a retirement bill.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2018-01-03 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S05639 Detail]

Download: New_York-2017-S05639-Amended.html

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                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