Under the new legislation, workers will be able to carryover such accrued annual leave for a period of 15 months after the leave year in question. The new legislation is in response to Court of Justice of the European Union rulings on accrual of annual leave entitlements during sick leave.
DEFINITION of 'Prospectus'. A formal legal document, which is required by and filed with the Securities and Exchange Commission, that provides details about an investment offering for sale to the public. A prospectus should contain the facts that an investor needs to make an informed investment decision. Also known as an offer document..
In light of that record-setting cash crunch, the Assembly Appropriations Committee has held back a hefty number of bills on whatâs known as its âsuspense file.â. Legislation on suspense has a price tag of over a certain amount. The measures are parked in the committee awaiting an assessment of the stateâs fiscal condition before determining whether the bills should move forward. The suspense file also serves a political purpose. It is a convenient place to dump Republican measures that Democratic leadership wants killed so their members arenât confronted by a difficult or potentially politically harmful vote. To avoid that, the measures just stay on suspense.