Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 20, 2010 |
signed chap.551 |
Oct 08, 2010 |
delivered to governor |
Jun 30, 2010 |
returned to senate passed assembly ordered to third reading rules cal.473 substituted for a6312c |
Jun 28, 2010 |
referred to ways and means delivered to assembly passed senate |
Jun 24, 2010 |
amended on third reading 4291c |
Jun 10, 2010 |
amended on third reading 4291b |
May 24, 2010 |
amended on third reading 4291a |
May 17, 2010 |
advanced to third reading |
May 12, 2010 |
2nd report cal. |
May 11, 2010 |
1st report cal.518 |
May 03, 2010 |
notice of committee consideration - requested |
Jan 06, 2010 |
referred to finance |
Apr 21, 2009 |
referred to finance |
Senate Bill S4291
Signed By Governor2009-2010 Legislative Session
Sponsored By
(D, WF) 21st Senate District
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
Actions
Votes
Bill Amendments
co-Sponsors
(D, WF) 28th Senate District
2009-S4291 - Details
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §75, St Fin L
2009-S4291 - Sponsor Memo
BILL NUMBER: S4291 TITLE OF BILL : An act to amend the state finance law, in relation to funds of the state PURPOSE : This bill would prohibit the comptroller from establishing an account in a banking institution with a Community Reinvestment Act (CRA) rating of less than satisfactory. SUMMARY OF PROVISIONS : Section 1 of the bill law amends Section 75 of the state finance law, as separately added by chapters 405 and 957 of the laws of 1981, to specify that notwithstanding any other provision of Section 75, the Comptroller of the State of New York shall not establish an account in a banking institution with a Community Reinvestment Act rating of less than satisfactory. Section 2 of the bill specifies the effective date. JUSTIFICATION : Many low- and moderate-income neighborhoods deposit funds at local institutions only to have banks invest these funds outside the community, diminishing economic opportunity. In recognition of this
2009-S4291 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4291 2009-2010 Regular Sessions I N S E N A T E April 21, 2009 ___________ Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to funds of the state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 75 of the state finance law, as separately added by chapters 405 and 957 of the laws of 1981, is amended to read as follows: S 75. Establishment of accounts. The comptroller is authorized to establish whatever accounts he deems necessary in conformance with generally accepted accounting principles for the discharge of his duties. NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION, THE COMP- TROLLER SHALL NOT ESTABLISH AN ACCOUNT IN A BANKING INSTITUTION TO WHICH THE COMMUNITY REINVESTMENT ACT OF 1977, UNITED STATES P.L. 95-128 APPLIES UNLESS SUCH INSTITUTION SHALL HAVE RECEIVED A RECORD OF PERFORM- ANCE NO LOWER THAN "SATISFACTORY" AS DETERMINED UNDER SUCH ACT IN ACCORDANCE WITH SECTION TWENTY-EIGHT-B OF THE BANKING LAW. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09913-01-9
co-Sponsors
(D, WF) 28th Senate District
2009-S4291A - Details
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §75, St Fin L
2009-S4291A - Sponsor Memo
BILL NUMBER:S4291A TITLE OF BILL: An act to amend the state finance law, in relation to funds of the state PURPOSE: This bill would prohibit the comptroller from establishing an account in a banking institution with a Community Reinvestment Act (CRA) rating of less than satisfactory. SUMMARY OF PROVISIONS: Section 1 of the bill law amends Section 75 of the state finance law, as separately added by chapters 405 and 957 of the laws of 1981, to specify that notwithstanding any other provision of Section 75, the Comptroller of the State of New York shall not establish an account in a banking institution with a Community Reinvestment Act rating of less than satisfactory. Section 2 of the bill specifies the effective date. JUSTIFICATION: Many low- and moderate-income neighborhoods deposit funds at local institutions only to have banks invest these funds outside the community, diminishing economic opportunity. In recognition of this concern, the Community Reinvestment Act of 1977 was enacted to
2009-S4291A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4291--A Cal. No. 518 2009-2010 Regular Sessions I N S E N A T E April 21, 2009 ___________ Introduced by Sens. PARKER, KRUEGER -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- recom- mitted to the Committee on Finance in accordance with Senate Rule 6, sec. 8 -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the state finance law, in relation to funds of the state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 75 of the state finance law, as separately added by chapters 405 and 957 of the laws of 1981, is amended to read as follows: S 75. Establishment of accounts. The comptroller is authorized to establish whatever accounts he deems necessary in conformance with generally accepted accounting principles for the discharge of his duties. NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION, THE COMP- TROLLER SHALL NOT ESTABLISH AN ACCOUNT IN A BANKING INSTITUTION TO WHICH THE COMMUNITY REINVESTMENT ACT OF 1977, UNITED STATES P.L. 95-128 APPLIES UNLESS SUCH INSTITUTION SHALL HAVE RECEIVED A RECORD OF PERFORM- ANCE NO LOWER THAN "SATISFACTORY" AS DETERMINED UNDER SUCH ACT IN ACCORDANCE WITH SECTION TWENTY-EIGHT-B OF THE BANKING LAW. S 2. This act shall take effect on the one hundred eightieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09913-03-0
co-Sponsors
(D, WF) 28th Senate District
2009-S4291B - Details
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §75, St Fin L
2009-S4291B - Sponsor Memo
BILL NUMBER:S4291B TITLE OF BILL: An act to amend the state finance law, in relation to funds of the state PURPOSE: This bill would prohibit the comptroller from establishing an account in a banking institution with a Community Reinvestment Act (CRA) rating of less than satisfactory. SUMMARY OF PROVISIONS: Section 1 of the bill law amends Section 75 of the state finance law, as separately added by chapters 405 and 957 of the laws of 1981, to specify that notwithstanding any other provision of Section 75, the Comptroller of the State of New York shall not establish an account in a banking institution with a Community Reinvestment Act rating of less than satis- factory. Section 2 of the bill specifies the effective date. JUSTIFICATION: Many low- and moderate-income neighborhoods deposit funds at local institutions only to have banks invest these funds outside the communi- ty, diminishing economic opportunity. In recognition of this concern. the Community Reinvestment Act of 1977 was enacted to encourage banks to reinvest some of these funds back into the communities from which they
2009-S4291B - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4291--B Cal. No. 518 2009-2010 Regular Sessions I N S E N A T E April 21, 2009 ___________ Introduced by Sens. PARKER, KRUEGER -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- recom- mitted to the Committee on Finance in accordance with Senate Rule 6, sec. 8 -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading -- again amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the state finance law, in relation to funds of the state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 106 of the state finance law, is amended by adding a new subdivision C to read as follows: C. NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS SECTION, THE COMP- TROLLER SHALL NOT DESIGNATE FOR THE DEPOSIT OF MONEYS BY STATE OFFICERS, STATE INSTITUTIONS AND CHARITABLE AND BENEVOLENT INSTITUTIONS A BANKING INSTITUTION TO WHICH THE COMMUNITY REINVESTMENT ACT OF 1977, UNITED STATES P.L. 95-128, APPLIES UNLESS SUCH INSTITUTION SHALL HAVE RECEIVED A RECORD OF PERFORMANCE NO LOWER THAN "SATISFACTORY" AS DETERMINED UNDER SUCH ACT IN ACCORDANCE WITH SECTION TWENTY-EIGHT-B OF THE BANKING LAW. S 2. This act shall take effect on the one hundred eightieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09913-04-0
co-Sponsors
(D, WF) 28th Senate District
2009-S4291C (ACTIVE) - Details
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §75, St Fin L
2009-S4291C (ACTIVE) - Sponsor Memo
BILL NUMBER:S4291C TITLE OF BILL: An act to amend the state finance law, in relation to funds of the state PURPOSE: This bill would prohibit the comptroller from establishing an account in a banking institution with a Community Reinvestment Act rating of less than satisfactory. SUMMARY OF PROVISIONS: Section 1 of the bill law amends Section 106 of the state finance law to specify that notwithstanding any other provision of Section 106, the comptroller shall not designate for the deposit of moneys by state officers, state institutions and charitable and benevolent institutions supported in whole or in part by the state a banking institution to which the Community Reinvestment Act of 1977, United States P.L. 95-128, applies unless such institution has received a record of performance no lower than satisfactory. Section 2 of the bill specifies the effective date. JUSTIFICATION: Many low-and moderate-income neighborhoods deposit funds at local institutions only to have banks invest these funds outside the
2009-S4291C (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4291--C Cal. No. 518 2009-2010 Regular Sessions I N S E N A T E April 21, 2009 ___________ Introduced by Sens. PARKER, KRUEGER -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- recom- mitted to the Committee on Finance in accordance with Senate Rule 6, sec. 8 -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading -- again amended and ordered reprinted, retaining its place in the order of third reading -- again amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the state finance law, in relation to funds of the state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 106 of the state finance law, is amended by adding a new subdivision C to read as follows: C. NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS SECTION, THE COMP- TROLLER SHALL NOT DESIGNATE FOR THE DEPOSIT OF MONEYS BY STATE OFFICERS, STATE INSTITUTIONS AND CHARITABLE AND BENEVOLENT INSTITUTIONS SUPPORTED IN WHOLE OR IN PART BY THE STATE A BANKING INSTITUTION TO WHICH THE COMMUNITY REINVESTMENT ACT OF 1977, UNITED STATES P.L. 95-128, APPLIES UNLESS SUCH INSTITUTION SHALL HAVE RECEIVED A RECORD OF PERFORMANCE NO LOWER THAN "SATISFACTORY" AS DETERMINED UNDER SUCH ACT IN ACCORDANCE WITH SECTION TWENTY-EIGHT-B OF THE BANKING LAW. S 2. This act shall take effect on the one hundred eightieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09913-07-0
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