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Assembly Bill A6312C

Signed By Governor

2009-2010 Legislative Session

Prohibits comptroller from establishing an account in a banking institution with a CRA rating of less than satisfactory

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Archive: Last Bill Status Via S4291 - Signed by Governor

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Votes

Bill Amendments

2009-A6312 - Details

See Senate Version of this Bill:
S4291
Law Section:
State Finance Law
Laws Affected:
Amd §106, St Fin L

2009-A6312 - Summary

Prohibits comptroller from establishing an account in a banking institution with a "community reinvestment act of 1977" rating of less than satisfactory.

2009-A6312 - Bill Text download pdf 

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

                                  6312

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                              March 2, 2009
                               ___________

Introduced by M. of A. KAVANAGH -- read once and referred to the Commit-
  tee on Ways and Means

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

2009-A6312A - Details

See Senate Version of this Bill:
S4291
Law Section:
State Finance Law
Laws Affected:
Amd §106, St Fin L

2009-A6312A - Summary

Prohibits comptroller from establishing an account in a banking institution with a "community reinvestment act of 1977" rating of less than satisfactory.

2009-A6312A - Sponsor Memo

2009-A6312A - Bill Text download pdf 

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

                                 6312--A

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                              March 2, 2009
                               ___________

Introduced by M. of A. KAVANAGH -- Multi-Sponsored by -- M. of A. McENE-
  NY  --  read  once  and referred to the Committee on Ways and Means --
  recommitted to the Committee on Ways  and  Means  in  accordance  with
  Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered
  reprinted as amended and recommitted to said committee

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.
                                                           LBD09913-02-0

2009-A6312B - Details

See Senate Version of this Bill:
S4291
Law Section:
State Finance Law
Laws Affected:
Amd §106, St Fin L

2009-A6312B - Summary

Prohibits comptroller from establishing an account in a banking institution with a "community reinvestment act of 1977" rating of less than satisfactory.

2009-A6312B - Bill Text download pdf 

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

                                 6312--B

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                              March 2, 2009
                               ___________

Introduced by M. of A. KAVANAGH -- Multi-Sponsored by -- M. of A. McENE-
  NY  --  read  once  and referred to the Committee on Ways and Means --
  recommitted to the Committee on Ways  and  Means  in  accordance  with
  Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered
  reprinted  as  amended  and  recommitted  to  said  committee -- again
  reported from said committee with  amendments,  ordered  reprinted  as
  amended and recommitted to said committee

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.
                                                           LBD09913-05-0

2009-A6312C (ACTIVE) - Details

See Senate Version of this Bill:
S4291
Law Section:
State Finance Law
Laws Affected:
Amd §106, St Fin L

2009-A6312C (ACTIVE) - Summary

Prohibits comptroller from establishing an account in a banking institution with a "community reinvestment act of 1977" rating of less than satisfactory.

2009-A6312C (ACTIVE) - Bill Text download pdf 

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

                                 6312--C

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                              March 2, 2009
                               ___________

Introduced by M. of A. KAVANAGH -- Multi-Sponsored by -- M. of A. McENE-
  NY  --  read  once  and referred to the Committee on Ways and Means --
  recommitted to the Committee on Ways  and  Means  in  accordance  with
  Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered
  reprinted  as  amended  and  recommitted  to  said  committee -- again
  reported from said committee with  amendments,  ordered  reprinted  as
  amended  and recommitted to said committee -- again reported from said
  committee with amendments, ordered reprinted as amended and  recommit-
  ted to said committee

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.
                                                           LBD09913-06-0

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