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Assembly Bill A8147A

2011-2012 Legislative Session

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

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2011-A8147 - Details

See Senate Version of this Bill:
S4927
Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Amd §87, Bank L
Versions Introduced in 2013-2014 Legislative Session:
A3236, S2494

2011-A8147 - 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.

2011-A8147 - Bill Text download pdf 

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

                                  8147

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              June 2, 2011
                               ___________

Introduced  by M. of A. MAGEE -- read once and referred 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] THREE 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.
                                                           LBD11214-01-1

2011-A8147A (ACTIVE) - Details

See Senate Version of this Bill:
S4927
Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Amd §87, Bank L
Versions Introduced in 2013-2014 Legislative Session:
A3236, S2494

2011-A8147A (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.

2011-A8147A (ACTIVE) - Bill Text download pdf 

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

                                 8147--A

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              June 2, 2011
                               ___________

Introduced  by M. of A. MAGEE -- read once and referred to the Committee
  on Banks -- recommitted to the Committee on Banks 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  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.
                                                           LBD11214-03-2

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