Senate Bill S5478

Signed By Governor
2011-2012 Legislative Session

Extends date of certain provisions relating to participation in the banking development districts program to January l, 2017

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Sponsored By

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

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2011-S5478 (ACTIVE) - Details

See Assembly Version of this Bill:
A8103
Law Section:
Banks
Laws Affected:
Amd §4, Chap 526 of 1998

2011-S5478 (ACTIVE) - Summary

Extends date of certain provisions relating to participation in the banking development districts program to January 1, 2017.

2011-S5478 (ACTIVE) - Sponsor Memo

2011-S5478 (ACTIVE) - Bill Text download pdf

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

                                  5478

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              May 25, 2011
                               ___________

Introduced  by  Sens.  GRIFFO, FARLEY -- read twice and ordered printed,
  and when printed to be committed to the Committee on Banks

AN ACT to amend chapter 526 of the laws of 1998,  amending  the  banking
  law  relating  to  participation  in the banking development districts
  program,  in  relation  to  extending  the  effectiveness  of  certain
  provisions thereof

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

  Section 1. Section 4 of chapter 526 of the laws of 1998, amending  the
banking  law  relating  to  participation  in  the  banking  development
districts program, as amended by chapter 300 of the  laws  of  2004,  is
amended to read as follows:
  S  4.  This  act  shall  take  effect on the first day of January next
succeeding the date on which it shall have become a law and shall remain
in effect until January 1, [2012] 2017 when  upon  such  date  it  shall
expire  and  be deemed repealed; provided however that any branch estab-
lished prior to the expiration and repeal of this act by a savings bank,
savings and loan association, federal savings bank  or  federal  savings
and  loan association in a banking development district pursuant to this
act shall continue to operate in accordance with  this  act  and  remain
eligible for all the rights and privileges authorized by this act.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11838-01-1


              

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