senate Bill S194

2013-2014 Legislative Session

Provides for the inclusion of low income credit unions in the banking development district program in cities having a population of one million or more persons

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Sponsored By

Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to banks
Jan 09, 2013 referred to banks

Co-Sponsors

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S194 - Details

See Assembly Version of this Bill:
A1118
Current Committee:
Law Section:
Banking Law
Laws Affected:
Amd §96-d, Bank L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S34, A5932
2009-2010: S5279B, A238C

S194 - Summary

Provides for the inclusion of low income credit unions in the banking development district program in cities having a population of one million or more persons.

S194 - Sponsor Memo

S194 - Bill Text download pdf

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

                                   194

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by Sen. SQUADRON -- read twice and ordered printed, and when
  printed to be committed to the Committee on Banks

AN ACT to amend the banking law, in relation  to  including  low  income
  credit unions in the banking development district program

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

  Section 1. Subdivision 5 of section 96-d of the banking law, as  added
by  chapter 526 of the laws of 1998, paragraph (a) as amended by chapter
328 of the laws of 1999, is amended to read as follows:
  5. (a) Notwithstanding the provisions of subdivision  two  of  section
two  hundred  thirty-seven  of  this  chapter;  for the purposes of this
section, paragraph c of subdivision two of section ten  of  the  general
municipal  law, subdivision six of section one hundred five of the state
finance law and section four hundred eighty-five-f of the real  property
tax  law,  any reference to a bank, trust company or national bank shall
be deemed to include a  savings  bank,  savings  and  loan  association,
federal  savings  and  loan  association  or federal savings bank OR, IN
CITIES HAVING A POPULATION OF ONE  MILLION  OR  MORE  PERSONS,  ANY  LOW
INCOME  CREDIT  UNION  AS  DESIGNATED BY SECTION FOUR HUNDRED FIFTY-A OF
THIS CHAPTER OR ANY FEDERAL CREDIT UNION THAT HAS BEEN DESIGNATED A  LOW
INCOME  CREDIT  UNION  BY  THE  NATIONAL  CREDIT  UNION  ADMINISTRATION;
provided, however, that such provisions of law do not  grant  a  savings
bank, savings and loan association, federal savings and loan association
or federal savings bank OR, IN CITIES HAVING A POPULATION OF ONE MILLION
OR  MORE  PERSONS,  ANY LOW INCOME CREDIT UNION AS DESIGNATED BY SECTION
FOUR HUNDRED FIFTY-A OF THIS CHAPTER OR ANY FEDERAL  CREDIT  UNION  THAT
HAS  BEEN  DESIGNATED  A  LOW INCOME CREDIT UNION BY THE NATIONAL CREDIT
UNION ADMINISTRATION eligibility to accept municipal or public funds  or
municipal  or  public  moneys other than for the limited purposes of the
establishment of a branch in a banking development district pursuant  to

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

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