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S1219Senate2009-2010 Session

Requires comptroller to report investments of the common retirement fund in entertainment investments

Sponsor Antoine M. ThompsonSD-60+1 co-sponsorAffects Finance
Status
In Senate Committee
Civil Service And Pensions
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Civil Service And Pensions

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Who cares

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Sponsors

Primary sponsor
Antoine M. Thompson

Senator · Senate District 60

1 Co-sponsor

History

  1. Referred to civil service and pensions
  2. Referred to civil service and pensions

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

Title of bill

An act to require a report on the investments of the common retirement fund in entertainment investments

Purpose

To allow the Governor and the Legislature to review State investments in the entertainment industry in order ascertain whether such investments are promoting or supporting venues or materials which may be deemed derogatory or culturally insensitive.

Summary of provisions

Requires the State Comptroller and the Commissioner of Taxation and Finance to file with the Governor and the Legislature a report of all money or assets invested in entertainment investments.

Justification

To enable the Governor and the Legislature to review and monitor the types of entertainment industries which state retirement funds are being invested, in order to determine if such companies include entities which promote derogatory, insensitive or inflammatory entertainment venues or material.

Legislative history

FISCAL IMPLICATIONS : To be determined.

Effective date

Immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.