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S8234 • 2025

Changes the due date by which the New York State teachers' retirement system is required to submit the annual MWBE report

Changes the due date by which the New York State teachers' retirement system is required to submit the annual MWBE report

Education
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Robert Jackson
Last action
2026-04-28
Official status
In Assembly Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Changes the due date by which the New York State teachers' retirement system is required to submit the annual MWBE report

Changes the due date by which the New York State teachers' retirement system is required to submit the annual MWBE report Changes the due date by which the New York State teachers' retirement system is required to submit the annual MWBE report to on or before December thirty-first following the end of the teachers retirement system's fiscal year.

What This Bill Does

  • Changes the due date by which the New York State teachers' retirement system is required to submit the annual MWBE report Changes the due date by which the New York State teachers' retirement system is required to submit the annual MWBE report to on or before December thirty-first following the end of the teachers retirement system's fiscal year.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-04-28 Senate

    PASSED SENATE

  2. 2026-04-28 Senate

    DELIVERED TO ASSEMBLY

  3. 2026-04-28 Assembly

    REFERRED TO GOVERNMENTAL EMPLOYEES

  4. 2026-04-27 Senate

    ADVANCED TO THIRD READING

  5. 2026-04-22 Senate

    2ND REPORT CAL.

  6. 2026-04-21 Senate

    1ST REPORT CAL.816

  7. 2026-04-15 Senate

    AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

  8. 2026-04-15 Senate

    PRINT NUMBER 8234A

  9. 2026-01-07 Assembly

    DIED IN ASSEMBLY

  10. 2026-01-07 Assembly

    RETURNED TO SENATE

  11. 2026-01-07 Senate

    REFERRED TO CIVIL SERVICE AND PENSIONS

  12. 2025-06-10 Senate

    COMMITTEE DISCHARGED AND COMMITTED TO RULES

  13. 2025-06-10 Senate

    ORDERED TO THIRD READING CAL.1783

  14. 2025-06-10 Senate

    PASSED SENATE

  15. 2025-06-10 Senate

    DELIVERED TO ASSEMBLY

  16. 2025-06-10 Assembly

    REFERRED TO GOVERNMENTAL EMPLOYEES

  17. 2025-05-27 Senate

    REFERRED TO CIVIL SERVICE AND PENSIONS

Official Summary Text

Changes the due date by which the New York State teachers' retirement system is required to submit the annual MWBE report
Changes the due date by which the New York State teachers' retirement system is required to submit the annual MWBE report to on or before December thirty-first following the end of the teachers retirement system's fiscal year.

Current Bill Text

Read the full stored bill text 
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          8234

                               2025-2026 Regular Sessions

                                    I N  S E N A T E

                                      May 27, 2025
                                       ___________

        Introduced  by  Sen. JACKSON -- (at request of the New York State Teach-
          ers' Retirement System) -- read twice and ordered  printed,  and  when
          printed to be committed to the Committee on Civil Service and Pensions

        AN  ACT to amend the education law, in relation to changing the due date
          by which the New York State teachers' retirement system is required to
          submit the annual MWBE report

          THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section 1. Paragraph b of subdivision 2 of section 508-a of the educa-
     2  tion  law,  as  added  by chapter 171 of the laws of 2010, is amended to
     3  read as follows:
     4    b. [within sixty days of the end of each fiscal year] ANNUALLY  ON  OR
     5  BEFORE  DECEMBER THIRTY-FIRST FOLLOWING THE END OF THE TEACHERS' RETIRE-
     6  MENT SYSTEM'S FISCAL YEAR, following the effective date of this section,
     7  the retirement board shall report to the governor, legislature  and  the
     8  chief diversity officer of the state of New York on the participation of
     9  MWBE  asset  managers, MWBE financial institutions and MWBE professional
    10  service providers in investment and brokerage transactions  with  or  as
    11  providers  of  services for the teachers' retirement system, including a
    12  comparative analysis of such activity relative to such activity with all
    13  asset managers, financial institutions and professional service  provid-
    14  ers  for  the  relevant  period  and  on the progress and success of the
    15  efforts undertaken during such period to achieve the goals of such stra-
    16  tegy. Each report shall be simultaneously published on  the  website  of
    17  the  teachers'  retirement system for not less than sixty days following
    18  its release to the governor and the other recipients named above;
    19    § 2. This act shall take effect on the first of January next  succeed-
    20  ing the date on which it shall have become a law.


         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13243-01-5