§ 217-a. Public information website.
1.The comptroller is hereby\nauthorized to make available to the public on its website information\nabout vendors of service award programs, both defined contribution\nprograms and defined benefit programs, for volunteer firefighters. Such\ninformation shall include, but need not be limited to:\n (a) categorization by class of all costs, fees and commissions of any\ntype;\n (b) rate of return on investment for one, three, five and ten year\nperiods ending December thirty-first, including gross of all costs and\nnet of all costs;\n (c) length of time the company has been in business;\n (d) information regarding management stability including the length of\ntenure of board members;\n (e) description of investment structure including its ten larges
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§ 217-a. Public information website. 1. The comptroller is hereby\nauthorized to make available to the public on its website information\nabout vendors of service award programs, both defined contribution\nprograms and defined benefit programs, for volunteer firefighters. Such\ninformation shall include, but need not be limited to:\n (a) categorization by class of all costs, fees and commissions of any\ntype;\n (b) rate of return on investment for one, three, five and ten year\nperiods ending December thirty-first, including gross of all costs and\nnet of all costs;\n (c) length of time the company has been in business;\n (d) information regarding management stability including the length of\ntenure of board members;\n (e) description of investment structure including its ten largest\nholdings;\n (f) statement of investment philosophy;\n (g) list of all representatives and their relationship to any program\nsponsor;\n (h) percentage of investments bought or sold during each year.\n 2. The comptroller is hereby authorized to develop and distribute to\nevery vendor, not more than sixty days after the effective date of this\nsection, a form that shall be used for the purpose of collecting the\ninformation required by subdivision one of this section and any other\ninformation the comptroller may deem desirable to accomplish the\npurposes of this section. Every vendor shall return such forms to the\ncomptroller no later than ninety days after the effective date of this\nsection and annually thereafter, but no later than March first of each\nyear commencing in two thousand eight. The comptroller is hereby\nauthorized to publish the information obtained from such forms and make\nit available to New York residents on the office of the comptroller\nwebsite by July first, two thousand eight and annually thereafter.\n 3. As used in this section, "vendor" shall mean an organization duly\nauthorized to do business in the state and which is qualified to\nadminister and maintain records and accounts of defined benefit and\ndefined contribution plans which meet the requirements for qualification\nunder the internal revenue code and governmental defined benefit and\ndefined contribution plans.\n