Assembly Bill A437

2019-2020 Legislative Session

Relates to establishing the empire state public bank

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-A437 (ACTIVE) - Details

See Senate Version of this Bill:
S1778
Current Committee:
Assembly Banks
Law Section:
State Finance Law
Laws Affected:
Add Art 17 §§254 - 277, St Fin L
Versions Introduced in Other Legislative Sessions:
2017-2018: A10431, S8428
2021-2022: A3309, S3016
2023-2024: A4448

2019-A437 (ACTIVE) - Summary

Relates to establishing the empire state public bank to use the state's depository assets to generate additional benefit for the people and the economy of the state.

2019-A437 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    437
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 9, 2019
                                ___________
 
 Introduced  by M. of A. STECK -- read once and referred to the Committee
   on Banks
 
 AN ACT to amend the state finance law, in relation to  establishing  the
   empire  state  public  bank;  and  providing for the repeal of certain
   provisions upon expiration thereof

   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 article 17
 to read as follows:
                                ARTICLE 17
                         EMPIRE STATE PUBLIC BANK
 SECTION 254. LEGISLATIVE INTENT.
         255. DEFINITIONS.
         256. CREATION.
         257. COMMISSION.
         258. TRANSITION BOARD.
         259. DEPOSIT OF PUBLIC FUNDS.
         260. INVESTMENT OF STATE MONEYS.
         261. INFRASTRUCTURE LOANS.
         262. STUDENT LOANS.
         263. BUSINESS, NON-PROFIT AND INDIVIDUAL LOANS.
         264. TREASURY AND BANKING SERVICES.
         265. MANAGEMENT.
         266. ADVISORY BOARD.
         267. FINANCIAL REGULATION.
         268. REPORTING REQUIREMENTS.
         269. ETHICAL REQUIREMENTS.
         270. FEES AND TAXES.
         271. BANK RECORDS.
         272. CAPITALIZATION.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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