STATE OF NEW YORK ________________________________________________________________________ 2606 2023-2024 Regular Sessions IN SENATE January 23, 2023 ___________ Introduced by Sens. GRIFFO, O'MARA -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to investment of moneys in the state fish and game trust account The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph (i) of paragraph 4 of subdivision (a) of 2 section 83 of the state finance law, as amended by section 1 of part AA 3 of chapter 58 of the laws of 2015, is amended to read as follows: 4 (i) There is hereby created a special account within the conservation 5 fund to be known as the state fish and game trust account to consist of 6 all moneys received by the state from the sale of lifetime hunting, 7 fishing, and trapping licenses, and lifetime archery and muzzle-loading 8 privileges pursuant to section 11-0702 of the environmental conservation 9 law except those moneys deposited in the habitat conservation and access 10 account pursuant to section eighty-three-a of this [chapter] article. 11 The state comptroller shall invest the moneys in such account in securi- 12 ties as defined by section ninety-eight-a of this article or as other- 13 wise deemed appropriate by the comptroller to maximize income for the 14 account consistent with the provisions of subdivision b of section thir- 15 teen of the retirement and social security law. Any income earned by the 16 investment of such moneys, except income transferred to the conservation 17 fund pursuant to subparagraph (iii) of this paragraph, shall be added to 18 and become a part of, and shall be used for the purposes of such 19 account. 20 § 2. This act shall take effect on the thirtieth day after it shall 21 have become a law. Effective immediately, the addition, amendment and/or 22 repeal of any rule or regulation necessary for the implementation of 23 this act on its effective date are authorized to be made and completed 24 on or before such effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04395-01-3