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Assembly Bill A5798A

2015-2016 Legislative Session

Relates to funds of the state

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2015-A5798 - Details

Current Committee:
Assembly Rules
Law Section:
Public Authorities Law
Laws Affected:
Add §2891, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2009-2010: A11713
2011-2012: A5947
2013-2014: A2058
2017-2018: A1861

2015-A5798 - Summary

Relates to funds of the state; prohibits certain public authorities, commissions or public benefit corporations from depositing moneys in certain banking institutions.

2015-A5798 - Bill Text download pdf 

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

                                  5798

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              March 4, 2015
                               ___________

Introduced by M. of A. KAVANAGH -- read once and referred to the Commit-
  tee on Corporations, Authorities and Commissions

AN  ACT to amend the public authorities law, in relation to funds of the
  state

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

  Section  1.  The  public  authorities  law  is amended by adding a new
section 2891 to read as follows:
  S 2891. DEPOSITS. NOTWITHSTANDING ANY OTHER PROVISIONS OF  THIS  CHAP-
TER,  NO  PUBLIC  AUTHORITY,  COMMISSION  OR  PUBLIC BENEFIT CORPORATION
CONTINUED OR CREATED BY THIS CHAPTER SHALL DEPOSIT ITS MONEYS IN A BANK-
ING INSTITUTION TO WHICH THE COMMUNITY REINVESTMENT ACT OF 1977,  UNITED
STATES  P.L.  95-128,  APPLIES  UNLESS  SUCH  INSTITUTION HAS RECEIVED A
RECORD OF PERFORMANCE NO LOWER THAN  SATISFACTORY  AS  DETERMINED  UNDER
SUCH ACT IN ACCORDANCE WITH SECTION TWENTY-EIGHT-B OF THE BANKING LAW.
  S 2. This act shall take effect on the one hundred eightieth day after
it shall have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05229-01-5

2015-A5798A (ACTIVE) - Details

Current Committee:
Assembly Rules
Law Section:
Public Authorities Law
Laws Affected:
Add §2891, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2009-2010: A11713
2011-2012: A5947
2013-2014: A2058
2017-2018: A1861

2015-A5798A (ACTIVE) - Summary

Relates to funds of the state; prohibits certain public authorities, commissions or public benefit corporations from depositing moneys in certain banking institutions.

2015-A5798A (ACTIVE) - Bill Text download pdf 

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

                                 5798--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              March 4, 2015
                               ___________

Introduced by M. of A. KAVANAGH -- read once and referred to the Commit-
  tee   on   Corporations,  Authorities  and  Commissions  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the public authorities law, in relation to funds of  the
  state

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

  Section 1. The public authorities law  is  amended  by  adding  a  new
section 2891 to read as follows:
  S  2891.  DEPOSITS. NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS CHAP-
TER, NO PUBLIC AUTHORITY OR  PUBLIC  BENEFIT  CORPORATION  CONTINUED  OR
CREATED  BY  THIS CHAPTER SHALL DEPOSIT ITS MONEYS IN A BANKING INSTITU-
TION TO WHICH THE COMMUNITY REINVESTMENT ACT OF 1977, UNITED STATES P.L.
95-128, APPLIES  UNLESS  SUCH  INSTITUTION  HAS  RECEIVED  A  RECORD  OF
PERFORMANCE NO LOWER THAN SATISFACTORY.
  S 2. This act shall take effect on the one hundred eightieth day after
it shall have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05229-02-5

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