senate Bill S8356

2017-2018 Legislative Session

Relates to the banking development district program

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee


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

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Actions

view actions (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2018 committed to rules
May 15, 2018 advanced to third reading
May 14, 2018 2nd report cal.
May 09, 2018 1st report cal.1140
May 03, 2018 referred to banks

Votes

view votes

May 9, 2018 - Banks committee Vote

S8356
12
2
committee
12
Aye
2
Nay
5
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

S8356 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Banking Law
Laws Affected:
Amd §96-d, Bank L

S8356 (ACTIVE) - Summary

Authorizes certain banks, trust companies or national banks which are eligible and seeking to participate in the banking development district program and which have total assets of less than five billion dollars to have an abbreviated application for participation.

S8356 (ACTIVE) - Sponsor Memo

S8356 (ACTIVE) - Bill Text download pdf


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

                                  8356

                            I N  S E N A T E

                               May 3, 2018
                               ___________

Introduced  by Sen. PHILLIPS -- 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 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. Section 96-d of the banking law is amended by adding a  new
subdivision 7 to read as follows:
  7.  THE  SUPERINTENDENT SHALL ESTABLISH FOR ALL BANKS, TRUST COMPANIES
OR NATIONAL BANKS, ELIGIBLE AND SEEKING TO PARTICIPATE  IN  THE  BANKING
DEVELOPMENT DISTRICT PROGRAM ESTABLISHED BY THIS SECTION, AND WHICH HAVE
TOTAL  ASSETS OF LESS THAN FIVE BILLION DOLLARS, AN ABBREVIATED APPLICA-
TION FOR SUCH PARTICIPATION. SUCH ABBREVIATED APPLICATION SHALL  NOT  BE
MORE  THAN  THREE  PAGES,  AND SHALL BE DESIGNED TO BE COMPLETED BY SUCH
APPLICANT IN LESS THAN ONE HOUR. THE SUPERINTENDENT SHALL FURTHER ESTAB-
LISH, WITHIN THE BANKING DIVISION OF THE DEPARTMENT, A  UNIT  TO  ASSIST
ALL  BANKS,  TRUST  COMPANIES OR NATIONAL BANKS, ELIGIBLE AND SEEKING TO
PARTICIPATE IN THE BANKING DEVELOPMENT DISTRICT PROGRAM  ESTABLISHED  BY
THIS  SECTION,  WITH  THE  SUCCESSFUL COMPLETION AND SUBMISSION OF THEIR
APPLICATION, AS WELL AS TO ASSIST ALL SUCH  BANKS,  TRUST  COMPANIES  OR
NATIONAL  BANKS  OPERATING IN A BANKING DEVELOPMENT DISTRICT, WITH THEIR
SUCCESSFUL PARTICIPATION IN SUCH PROGRAM.
  § 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
                      [ ] is old law to be omitted.
                                                           LBD15709-01-8

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