Do you support this bill?

Assembly Bill A6877A

2013-2014 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

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

Bill Amendments

2013-A6877 - Details

See Senate Version of this Bill:
S2495
Law Section:
Banking Law
Laws Affected:
Amd §96-d, Bank L
Versions Introduced in Other Legislative Sessions:
2011-2012: A9296, S6692
2015-2016: A5302, S6239
2017-2018: S2715

2013-A6877 - Summary

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

2013-A6877 - Bill Text download pdf 

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

                                  6877

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             April 23, 2013
                               ___________

Introduced by M. of A. ROBINSON -- read once and referred to the Commit-
  tee 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

2013-A6877A (ACTIVE) - Details

See Senate Version of this Bill:
S2495
Law Section:
Banking Law
Laws Affected:
Amd §96-d, Bank L
Versions Introduced in Other Legislative Sessions:
2011-2012: A9296, S6692
2015-2016: A5302, S6239
2017-2018: S2715

2013-A6877A (ACTIVE) - Summary

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

2013-A6877A (ACTIVE) - Bill Text download pdf 

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

                                 6877--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             April 23, 2013
                               ___________

Introduced by M. of A. ROBINSON -- read once and referred to the Commit-
  tee  on  Banks  -- recommitted to the Committee on Banks in accordance
  with Assembly Rule 3, sec. 2 -- reported and referred to the Committee
  on Ways and Means  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee

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. Subdivision 2 of section 96-d of the banking law, as added
by chapter 204 of the laws of 1997, is amended to read as follows:
  2. A local government, in conjunction with a bank,  trust  company  or
national  bank,  may submit an application to the superintendent for the
designation of a banking development district. The superintendent  shall
issue  a  determination  on  such  an  application  within sixty days of
receiving such application. If an application is  approved,  the  super-
intendent  shall  transmit  notification  of  such approval to the local
government, the bank, trust company or national bank,  the  state  comp-
troller,  the  commissioner of taxation and finance, the commissioner of
the department of economic development, the temporary president  of  the
senate  and  the  speaker  of the assembly.   A DESIGNATION OF A BANKING
DEVELOPMENT DISTRICT SHALL BE VALID FOR  TEN  YEARS  FROM  THE  DATE  OF
DESIGNATION.  THE SUPERINTENDENT MAY EXTEND THE TERM OF A BANKING DEVEL-
OPMENT DISTRICT AN ADDITIONAL TEN YEAR PERIOD UPON A DETERMINATION  THAT
THERE IS A DEMONSTRATED NEED FOR BANKING SERVICES IN SUCH BANKING DEVEL-
OPMENT DISTRICT.
  S 2. Section 96-d of the banking law is amended by adding a new subdi-
vision 3-a to read as follows:
  3-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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00177-04-4

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.