AAC-33-15-00001-P Meeting Attendance for Members of the Investment Advisory Committee

8/19/15 N.Y. St. Reg. AAC-33-15-00001-P

NEW YORK STATE REGISTER

VOLUME XXXVII, ISSUE 33

August 19, 2015

RULE MAKING ACTIVITIES

DEPARTMENT OF AUDIT AND CONTROL

PROPOSED RULE MAKING

NO HEARING(S) SCHEDULED

 

I.D No. AAC-33-15-00001-P

Meeting Attendance for Members of the Investment Advisory Committee

PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:

Proposed Action:

This is a consensus rulemaking to amend section 352.3 of Title 2 NYCRR.

Statutory authority:

Retirement and Social Security Law, sections 11, 311, 13 and 313

Subject:

Meeting Attendance for members of the Investment Advisory Committee.

Purpose:

To allow members of the Investment Advisory Committee to attend via conference telephone or certain other electronic means.

Text of proposed rule:

352.3 Meeting and action of committee. The committee shall convene periodically at the request of the Comptroller. Where the committee votes to approve appointments to the Real Estate Advisory Committee, the committee shall act only upon the affirmative vote of a majority of the members in attendance or of four members, whichever is greater; provided that members may participate in a meeting and vote on any matter before the committee at such meeting by means of conference telephone or similar communications equipment allowing all persons participating in the meeting to hear each other at the same time and participation by such means shall constitute attendance at such meeting. The Comptroller or his representative shall preside at the meetings.

Text of proposed rule and any required statements and analyses may be obtained from:

Jamie Elacqua, Office of the State Comptroller, 110 State Street, Albany, NY 12236, [phone], email: [e-mail]

Data, views or arguments may be submitted to:

Same as above.

Public comment will be received until:

45 days after publication of this notice.

Consensus Rule Making Determination

This is a consensus rulemaking proposed for the sole purpose of authorizing the Investment Advisory Committee to participate in meetings by means of conference telephone or similar communications equipment. This amendment relates to authorizing the Investment Advisory Committee to participate in meetings by means of conference telephone or similar communications equipment and it has been determined that no person is likely to object to the adoption of the rule as written.