Assembly Bill A9296

2011-2012 Legislative Session

Relates to banking development districts; requires renewal of certain branches within banking development districts

download bill text pdf

Sponsored By

Archive: Last Bill Status - On Floor Calendar

  • 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

multi-Sponsors

2011-A9296 (ACTIVE) - Details

See Senate Version of this Bill:
S6692
Law Section:
Banking Law
Laws Affected:
Amd §96-d, Bank L
Versions Introduced in Other Legislative Sessions:
2013-2014: A6877, S2495
2015-2016: A5302, S6239
2017-2018: S2715

2011-A9296 (ACTIVE) - Summary

Relates to banking development districts; requires renewal of certain branches within banking development districts.

2011-A9296 (ACTIVE) - Bill Text download pdf 

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

                                  9296

                          I N  A S S E M B L Y

                            February 14, 2012
                               ___________

Introduced  by M. of A. ROBINSON, WEISENBERG, MENG, RAIA, GIBSON, MAISEL
  -- Multi-Sponsored by -- M. of A. BOYLAND, M. MILLER,  PERRY,  REILICH
  -- read once and referred to the Committee on Banks

AN  ACT  to  amend  the  banking law, in relation to banking development
  districts

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

  Section  1. Section 96-d of the banking law is amended by adding a new
subdivision 7 to read as follows:
  7. (A) IN ORDER TO MEET THE DEMONSTRATED NEED FOR BANKING SERVICES  IN
A BANKING DEVELOPMENT DISTRICT, ANY BANK, TRUST COMPANY OR NATIONAL BANK
THAT  HAS  ESTABLISHED  A  BRANCH  WITHIN A BANKING DEVELOPMENT DISTRICT
SHALL OFFER AFFORDABLE PRODUCTS AND SERVICES, INCLUDING FINANCIAL EDUCA-
TION SERVICES, TAILORED TO THE BANKING NEEDS OF THE COMMUNITY  IN  WHICH
THE BRANCH IS LOCATED.
  (B)  ANY  BANK,  TRUST COMPANY OR NATIONAL BANK THAT HAS ESTABLISHED A
BRANCH IN A BANKING DEVELOPMENT DISTRICT THAT SEEKS  TO  REMAIN  IN  THE
BANKING DEVELOPMENT DISTRICT PROGRAM SHALL APPLY FOR RENEWAL OF AUTHORI-
ZATION  TO  PARTICIPATE IN THE BANKING DEVELOPMENT DISTRICT PROGRAM IN A
FORM AND MANNER DETERMINED BY  THE  SUPERINTENDENT.  THE  SUPERINTENDENT
SHALL  DETERMINE  THE CRITERIA TO BE USED IN EVALUATING WHETHER TO GRANT
SUCH RENEWAL REQUEST. SUCH CRITERIA SHALL INCLUDE,  AT  A  MINIMUM,  THE
EXTENT  TO  WHICH THE BRANCH HAS MET ITS GOALS AS STATED IN ITS ORIGINAL
BANKING DEVELOPMENT DISTRICT APPLICATION; THE EXTENT TO WHICH THE  GOALS
STATED  IN  ITS  ORIGINAL  APPLICATION  CONTINUE TO BE RESPONSIVE TO THE
BANKING NEEDS OF THE BANKING DEVELOPMENT DISTRICT IN WHICH THE BRANCH IS
LOCATED; THE EXTENT TO WHICH THE BRANCH HAS BEEN RESPONSIVE TO THE BANK-
ING NEEDS OF, AND ENJOYS THE SUPPORT OF, THE COMMUNITY IN  WHICH  IT  IS
LOCATED;  THE QUALITY OF AFFORDABLE PRODUCTS AND SERVICES OFFERED BY THE
BRANCH; THE EXTENT OF FINANCIAL EDUCATION ACTIVITIES IN WHICH THE BRANCH
HAS PARTICIPATED; OTHER INFORMATION REGARDING THE BRANCH, INCLUDING  ITS
PROFITABILITY, LENDING ACTIVITIES AND EMPLOYMENT LEVELS.
  S  2.  This  act shall take effect on the ninetieth day after it shall
have become a law.

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

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.