New York Gov. Andrew Cuomo, seen here in a Dec. 2008 file photo, is making permenant the restrictions on who can do business with the state's pension fund. (AP Photo/Mike Groll)

ALBANY, N.Y. (AP) — The Cuomo administration announced plans Tuesday to make permanent the recent restrictions on who can do business with the $141 billion state pension fund and add elected officials to the list in an effort to prevent political favoritism.

Gov. Andrew Cuomo said he’s directing the state Insurance Department to issue the permanent regulations to also ban placement agents, lobbyists and so-called “pay-to-play” activity from fund operations. It wasn’t immediately clear what impact a prohibition against elected officials would have.

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