New York S 10432: Extends provisions of law relating to temporary investments by local governments

Bill Text

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S10432 Summary:

BILL NOS10432 

&nbsp

SAME ASSAME AS A11358

&nbsp

SPONSORMARTINEZ

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §2, Chap 130 of 1998

&nbsp

Extends provisions of law relating to temporary investments by local governments.

Go to top S10432 Actions:

BILL NOS10432 

&nbsp

05/15/2026REFERRED TO LOCAL GOVERNMENT

05/28/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

05/28/2026ORDERED TO THIRD READING CAL.1436

06/04/2026SUBSTITUTED BY A11358

&nbspA11358 AMEND= Rules (Ramos)

&nbsp05/13/2026referred to cities

&nbsp05/21/2026reported referred to ways and means

&nbsp05/28/2026reported referred to rules

&nbsp05/28/2026reported 

&nbsp05/28/2026rules report cal.251

&nbsp05/28/2026ordered to third reading rules cal.251

&nbsp05/29/2026passed assembly

&nbsp05/29/2026delivered to senate

&nbsp05/29/2026REFERRED TO RULES

&nbsp06/04/2026SUBSTITUTED FOR S10432

&nbsp06/04/20263RD READING CAL.1436

&nbsp06/04/2026PASSED SENATE

&nbsp06/04/2026RETURNED TO ASSEMBLY

&nbsp06/18/2026delivered to governor

&nbsp06/26/2026signed chap.148

Go to topS10432 Committee&nbspVotes:

Go to topS10432 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS10432 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10432

 IN SENATE

 May 15, 2026
 ___________

 Introduced by Sen. MARTINEZ -- (at request of the NYC Office of Manage-
 ment and Budget) -- 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 of chapter 162 of the laws of 2023, is amended to
 4 read as follows:
 5 § 2. This act shall take effect June 30, 1998 and shall expire and be
 6 deemed repealed on July 1, [2026] 2029, provided, however, that invest-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, 2026 it shall be deemed
 15 to have been in full force and effect on and after July 1, 2026.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14500-01-6

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