Assembly Actions -
Senate Actions - UPPERCASE
|Jan 19, 2022||
referred to banks
Assembly Bill A8857
2021-2022 Legislative Session
Archive: Last Bill Status - In Assembly Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2021-A8857 (ACTIVE) - Details
2021-A8857 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8857 I N A S S E M B L Y January 19, 2022 ___________ Introduced by M. of A. PEOPLES-STOKES -- read once and referred to the Committee on Banks AN ACT to amend the state finance law, in relation to establishing the state of New York 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 STATE OF NEW YORK PUBLIC BANK ACT SECTION 254. LEGISLATIVE INTENT. 255. DEFINITIONS. 256. CREATION. 257. COMMISSION. 258. GOVERNANCE. 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. 273. PUBLIC DEPOSITARY. 274. APPLICATION OF THIS CHAPTER TO THE PRESIDENT. 275. CASH AND DEMAND DEPOSITS AVAILABLE. 276. PERMITTED INVESTMENTS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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