Senate Bill S2494

Signed By Governor
2013-2014 Legislative Session

Relates to the maximum amount of funds which the state comptroller and the commissioner of taxation and finance may deposit

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-S2494 (ACTIVE) - Details

See Assembly Version of this Bill:
A3236
Law Section:
Banking Law
Laws Affected:
Amd ยง87, Bank L
Versions Introduced in 2011-2012 Legislative Session:
S4927, A8147

2013-S2494 (ACTIVE) - Summary

Relates to the maximum amount of funds which the state comptroller and the commissioner of taxation and finance may deposit and the maximum amount of funds on deposit at a community banking institution.

2013-S2494 (ACTIVE) - Sponsor Memo

2013-S2494 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2494

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 17, 2013
                               ___________

Introduced  by  Sen.  GRIFFO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Banks

AN ACT to amend the banking law,  in  relation  to  the  community  bank
  deposit program

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 2 of section 87 of the banking law, as  amended
by chapter 274 of the laws of 2007, is amended to read as follows:
  2.  The  maximum  amount  of funds which the state comptroller and the
commissioner of taxation and finance  may  deposit  under  this  program
shall  not  exceed  two hundred fifty million dollars each.  THE MAXIMUM
AMOUNT OF FUNDS ON DEPOSIT AT A COMMUNITY BANKING INSTITUTION SHALL  NOT
EXCEED TWENTY MILLION DOLLARS.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07267-01-3


              

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