senate Bill S2495A

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 -


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

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

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.
Use this box to enter a message to your senator.

Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 09, 2014 print number 2495a
amend and recommit to banks
Jan 08, 2014 referred to banks
Jan 17, 2013 referred to banks

S2495 - Details

See Assembly Version of this Bill:
A6877A
Law Section:
Banking Law
Laws Affected:
Amd §96-d, Bank L
Versions Introduced in 2011-2012 Legislative Session:
S6692, A9296

S2495 - Summary

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

S2495 - Sponsor Memo

S2495 - Bill Text download pdf

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

                                  2495

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 17, 2013
                               ___________

Introduced  by  Sen.  GRIFFO -- 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  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

S2495A (ACTIVE) - Details

See Assembly Version of this Bill:
A6877A
Law Section:
Banking Law
Laws Affected:
Amd §96-d, Bank L
Versions Introduced in 2011-2012 Legislative Session:
S6692, A9296

S2495A (ACTIVE) - Summary

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

S2495A (ACTIVE) - Sponsor Memo

S2495A (ACTIVE) - Bill Text download pdf

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

                                 2495--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 17, 2013
                               ___________

Introduced  by  Sen.  GRIFFO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Banks  --  recommitted  to
  the  Committee  on  Banks  in accordance with Senate Rule 6, sec. 8 --
  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.
                                                           LBD00177-05-4

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. 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.