Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 30, 2015 |
signed chap.93 |
Jul 22, 2015 |
delivered to governor |
Jun 09, 2015 |
returned to assembly passed senate substituted for s3452 |
Jun 09, 2015 |
substituted by a5140 |
May 18, 2015 |
advanced to third reading |
May 13, 2015 |
2nd report cal. |
May 12, 2015 |
1st report cal.575 |
Feb 09, 2015 |
referred to finance |
Senate Bill S3452
Signed By Governor2015-2016 Legislative Session
Sponsored By
(R, C, G, IP, SC) Senate District
Archive: Last Bill Status Via A5140 - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2015-S3452 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A5140
- Law Section:
- State Finance
2015-S3452 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3452 TITLE OF BILL: An act to authorize the state comptroller to transfer custody of funds to the natural heritage trust to be administered as a permanent endowment for the Rockefeller state park preserve PURPOSE OR GENERAL IDEA OF BILL: To authorize the transfer of an existing endowment, created in 1983 through the donation of private funds, for the care and maintenance of the Rockefeller State Park Preserve from the Office of the State Comptroller to the Natural Heritage Trust in order to increase investment revenue. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill is the legislative intent. Section 2 authorizes and directs the state comptroller to transfer three million dollars from the non-expendable trust fund of the fiduciary fund of the state, together with accrued interest at the time of transfer, to the natural heritage trust for investment as directed by this act. Section 3 provides that upon transfer from the office of state comptroller, the funds shall be deposited into a dedicated account, to
2015-S3452 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3452 2015-2016 Regular Sessions I N S E N A T E February 9, 2015 ___________ Introduced by Sen. MURPHY -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to authorize the state comptroller to transfer custody of funds to the natural heritage trust to be administered as a permanent endow- ment for the Rockefeller state park preserve THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative intent. Rockefeller state park preserve is under the jurisdiction of the New York state office of parks, recreation and historic preservation. The state park, located in Westchester Coun- ty, was created through gifts of land by members of the Rockefeller family. In 1983, the John D. Rockefeller III fund made a gift of three million dollars to New York state, to create a permanent endowment to be used for the care and maintenance of the Rockefeller state park preserve. Under the terms of donation, the three million dollar endow- ment has been under the custody and management of the office of the state comptroller. The natural heritage trust, a public benefit corpo- ration established pursuant to article 55 of the arts and cultural affairs law, accepts and administers private donations for environmental and cultural purposes, including administering permanent endowments to benefit state parks. The legislature finds that it is in the best inter- est of the state, and consistent with the donor's intent, to transfer custody of the three million dollar endowment from the office of the state comptroller to the natural heritage trust, to allow for the investment of endowment funds by the natural heritage trust in accord- ance with its adopted investment policies. S 2. The office of the state comptroller is authorized and directed to transfer three million dollars from the non-expendable trust fund of the fiduciary fund of the state, together with any accrued interest at the time of transfer, to the natural heritage trust for the investment ther- eof as directed by this act. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08366-01-5
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