Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 12, 2019 |
signed chap.629 |
Dec 06, 2019 |
delivered to governor |
Jun 18, 2019 |
returned to senate passed assembly ordered to third reading rules cal.112 substituted for a3320 |
Jun 13, 2019 |
referred to ways and means delivered to assembly passed senate |
Jun 06, 2019 |
amended on third reading (t) 727a |
Mar 04, 2019 |
advanced to third reading |
Feb 28, 2019 |
2nd report cal. |
Feb 27, 2019 |
1st report cal.181 |
Jan 09, 2019 |
referred to banks |
Senate Bill S727A
Signed By Governor2019-2020 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - Signed by Governor
- 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
Actions
Votes
Bill Amendments
co-Sponsors
(D) Senate District
(D) 14th Senate District
(D, WF) 47th Senate District
(D, WF) 21st Senate District
2019-S727 - Details
2019-S727 - Sponsor Memo
BILL NUMBER: S727 SPONSOR: MONTGOMERY TITLE OF BILL: An act to amend the banking law, in relation to including credit unions and federal credit unions within provisions regarding banking development district program PURPOSE OR GENERAL IDEA OF BILL: To include credit unions and federal credit unions within the definition of bank or trust company for the purpose of provisions regarding banking development districts. SUMMARY OF SPECIFIC PROVISIONS: Section 1. Amends subdivision 5 of section 96-d of the banking law, as added by chapter 526 of the laws of 1998, to include credit unions and federal credit unions in the definition of a bank, trust company, or national bank. Section 2. Subdivision 1 of section 451-a of the banking law, as added
2019-S727 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 727 2019-2020 Regular Sessions I N S E N A T E (PREFILED) January 9, 2019 ___________ Introduced by Sens. MONTGOMERY, BROOKS, COMRIE, HOYLMAN, PARKER, SANDERS, STAVISKY -- 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 including credit unions and federal credit unions within provisions regarding banking develop- ment district program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 5 of section 96-d of the banking law, as added by chapter 526 of the laws of 1998, paragraph (a) as amended by chapter 328 of the laws of 1999, paragraph (b) as further amended by section 104 of part A of chapter 62 of the laws of 2011, is amended to read as follows: 5. (a) Notwithstanding the provisions of subdivision two of section two hundred thirty-seven of this chapter; for the purposes of this section, paragraph c of subdivision two of section ten of the general municipal law, subdivision six of section one hundred five of the state finance law and section four hundred eighty-five-f of the real property tax law, any reference to a bank, trust company or national bank shall be deemed to include a savings bank, savings and loan association, federal savings and loan association [or], federal savings bank, CREDIT UNION OR FEDERAL CREDIT UNION; provided, however, that such provisions of law do not grant a savings bank, savings and loan association, feder- al savings and loan association [or], federal savings bank, A CREDIT UNION OR A FEDERAL CREDIT UNION eligibility to accept municipal or public funds or municipal or public moneys other than for the limited purposes of the establishment of a branch in a banking development district pursuant to this section. Any such municipal or public funds or moneys shall be deposited only at the branch established pursuant to this section, and any municipal funds or moneys may be deposited only by EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
co-Sponsors
(D) Senate District
(D) 14th Senate District
(D, WF) 47th Senate District
(D) 16th Senate District
2019-S727A (ACTIVE) - Details
2019-S727A (ACTIVE) - Sponsor Memo
BILL NUMBER: S727A SPONSOR: MONTGOMERY TITLE OF BILL: An act to amend the banking law, in relation to the banking development district program; to amend chapter 526 of the laws of 1998, amending the banking law relating to participation in the banking development districts program, in relation to the effectiveness thereof PURPOSE OF THE BILL: This bill would amend the Banking Law to expand access to banking services in communities where there is a demonstrated need for addi- tional products and services. SUMMARY OF PROVISIONS: Section 1 of the bill would limit the designation of a banking develop- ment district to fourteen years, yet allow for additional extensions in five or 10 year increments.
2019-S727A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 727--A Cal. No. 181 2019-2020 Regular Sessions I N S E N A T E (PREFILED) January 9, 2019 ___________ Introduced by Sens. MONTGOMERY, BROOKS, COMRIE, HOYLMAN, PARKER, SALA- ZAR, SANDERS, STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Banks -- reported favora- bly from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the banking law, in relation to the banking development district program; to amend chapter 526 of the laws of 1998, amending the banking law relating to participation in the banking development districts program, in relation to the effectiveness thereof 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] THE DESIGNATION OF A BANKING DEVELOPMENT DISTRICT to the local government, the bank, trust company or national bank, the state comptroller, 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. THE DESIGNATION OF A BANKING DEVELOPMENT DISTRICT SHALL BE VALID FOR FOURTEEN YEARS. PRIOR TO THE EXPIRATION OF A BANKING DEVELOP- MENT DISTRICT DESIGNATION, THE SUPERINTENDENT MAY EXTEND THE DESIGNATION FOR ONE OR MORE ADDITIONAL FIVE OR TEN YEAR PERIODS. § 2. Section 4 of chapter 526 of the laws of 1998, amending the bank- ing law relating to participation in the banking development districts
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