senate Bill S217

2013-2014 Legislative Session

Relates to the procurement of banking services

download bill text pdf

Sponsored By

Archive: Last Bill Status -


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to finance
Jan 09, 2013 referred to finance

Co-Sponsors

S217 - Details

See Assembly Version of this Bill:
A199
Law Section:
State Finance Law
Laws Affected:
Add ยง163-c, St Fin L
Versions Introduced in 2011-2012 Legislative Session:
S6348, A9175

S217 - Summary

Relates to the procurement of banking services.

S217 - Sponsor Memo

S217 - Bill Text download pdf

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

                                   217

                       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 Finance

AN ACT to amend the state finance law, in relation to the procurement of
  banking services

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

  Section  1.   The state finance law is amended by adding a new section
163-c to read as follows:
  S 163-C. PROCUREMENT OF  BANKING  SERVICES.  IN  MAKING  AN  AWARD  OF
CONTRACTS  FOR  BANKING  SERVICES,  AS PART OF THE SCORING OF OFFERS, IN
ADDITION TO CONSIDERATION OF QUALITY, COST AND EFFICIENCY, A STATE AGEN-
CY SHALL CONSIDER WHETHER THE FINANCIAL INSTITUTION HAS CHOSEN TO COMPLY
WITH THE CAP ON THE RATE OF INTEREST AUTHORIZED IN SECTION 5-501 OF  THE
GENERAL  OBLIGATIONS  LAW  AND ESTABLISHED BY SUBDIVISION ONE OF SECTION
FOURTEEN-A OF THE BANKING LAW IN MAKING LOANS TO THE  RESIDENTS  OF  THE
STATE.  THE  SCORING  SHALL  BE  ACCOMPLISHED IN ACCORD WITH REGULATIONS
ADOPTED BY THE SUPERINTENDENT OF FINANCIAL SERVICES IN CONSULTATION WITH
THE STATE COMPTROLLER.
  S 2. This act shall take effect on the one hundred twentieth day after
it shall have become a law provided, however, that effective immediately
the addition, amendment and/or repeal of any rule or  regulation  neces-
sary  for  the  implementation  of  this  act  on its effective date are
authorized and directed to be made and completed by  the  department  of
financial services on or before such effective date.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00292-01-3

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