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

This bill changes the deadline for the New York State Teachers' Retirement System to submit its annual Minority and Women-Owned Business Enterprise (MWBE) report. The due date shifts from sixty days after the fiscal year ends to December 31st of the following year. The bill also changes the effective date to 'immediately' rather than the start of the next calendar year, aiming to reduce administrative costs by eliminating the need for preliminary draft reports.