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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the legislative law, in relation to the fiscal note
Summary
This bill would amend § 50 of the Legislative Law to require that copies of fiscal notes required pursuant to § 50 be signed by appropriate actuary, and filed with both the Assembly Journal Clerk and Senate Journal Clerk.
Justification
Existing Legislative Law § 50 requires any bill which enacts or amends any provision of law relating to a retirement system or plan of the State of New York or any of its political subdivisions shall contain a fiscal note stating the estimated annual cost to the employer affected and the source of such estimate. However, this statute contains no provision requiring the actual estimates, signed by the actuary, to be filed with any particular official. Such a requirement would facilitate public access to these fiscal estimates, thereby allowing all interested parties to examine and comment upon these important fiscal estimates.
Fiscal implication
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.