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Assembly Bill A11713

2009-2010 Legislative Session

Relates to funds of the state

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Archive: Last Bill Status - In Assembly Committee

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2009-A11713 (ACTIVE) - Details

See Senate Version of this Bill:
S8507
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add ยง2891, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: A5947, S2850
2013-2014: A2058, S2780
2015-2016: A5798, S2453
2017-2018: A1861, S2265
2019-2020: S4262
2021-2022: S4425
2023-2024: S5157
2025-2026: S3894

2009-A11713 (ACTIVE) - Summary

Relates to funds of the state; prohibits certain public authorities, commissions or public benefit corporations from depositing moneys in certain banking institutions.

2009-A11713 (ACTIVE) - Bill Text download pdf 

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

                                  11713

                          I N  A S S E M B L Y

                            October 13, 2010
                               ___________

Introduced by COMMITTEE ON RULES -- (at request of M. of A. Kavanagh) --
  read  once  and referred to the Committee on Corporations, Authorities
  and Commissions

AN ACT to amend the public authorities 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. The public authorities law  is  amended  by  adding  a  new
section 2891 to read as follows:
  S  2891.  DEPOSITS. NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS CHAP-
TER, NO PUBLIC  AUTHORITY,  COMMISSION  OR  PUBLIC  BENEFIT  CORPORATION
CONTINUED OR CREATED BY THIS CHAPTER SHALL DEPOSIT ITS MONEYS IN A BANK-
ING  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 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.
                                                           LBD18083-02-0

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