Assembly BillIntroduced
A 7344: Requires the natural heritage trust to invest in funds pursuant to the prudent investor act; requires such trust's annual report to be submitted to the chairperson of the senate cultural affairs, tourism, parks and recreation committee and the chairperson of the assembly tourism, parks, arts and sports development committee.
What A 7344 does, verified January 10, 2026
The bill aims to improve the management of the Natural Heritage Trust's assets by directing it to invest its funds consistently with the prudent investor act. The trust must submit a detailed report to the governor, relevant committee members, and the state comptroller within 90 days after the end of its fiscal year, outlining its operations, accomplishments, receipts, disbursements, and assets and liabilities. The changes take effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to tourism, parks, arts and sports development (2026-01-07)Alert me
Quick answers about A 7344
- What is the current status of A 7344?
- As of January 10, 2026, A 7344 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to tourism, parks, arts and sports development".
- Did A 7344 pass?
- Not yet. A 7344 has been introduced and has not passed either house.
- Who wrote A 7344, and where is it now?
- A 7344 was authored by Asm. Ron Kim. Its committee of record is Assembly Tourism, Parks, Arts & Sports Development.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | referred to tourism, parks, arts and sports development |
| Mar. 25, 2025 | referred to tourism, parks, arts and sports development |
Latest bill textIntroduced version, March 25, 2025 · 314 words
STATE OF NEW YORK ________________________________________________________________________ 7344 2025-2026 Regular Sessions IN ASSEMBLY March 25, 2025 ___________ Introduced by M. of A. KIM -- read once and referred to the Committee on Tourism, Parks, Arts and Sports Development AN ACT to amend the arts and cultural affairs law, in relation to directing the natural heritage trust to invest its assets pursuant to the prudent investor act and the annual report of the trust's oper- ations The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 13 of section 55.07 of the arts and cultural 2 affairs law is renumbered subdivision 14 and a new subdivision 13 is 3 added to read as follows: 4 13. To invest and reinvest the funds of the corporation consistent 5 with the prudent investor act as established in section 11-2.3 of the 6 estates, powers and trusts law and in accordance with section twenty- 7 nine hundred twenty-five of the public authorities law. 8 § 2. Subdivision 3 of section 55.13 of the arts and cultural affairs 9 law is amended to read as follows: 10 3. The trust shall submit to the governor, the chairperson of the 11 senate finance committee, the chairperson of the assembly ways and means 12 committee, the chairperson of the senate cultural affairs, tourism, 13 parks and recreation committee, the chairperson of the assembly tourism, 14 parks, arts and sports development committee and the state comptroller, 15 within ninety days after the end of its fiscal year, a complete and 16 detailed report of its operations and accomplishments, its receipts and 17 disbursements and its assets and liabilities. 18 § 3. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03080-01-5
Text of A 7344 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions