Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 24, 2021 |
signed chap.495 |
Oct 13, 2021 |
delivered to governor |
Jun 03, 2021 |
returned to senate passed assembly ordered to third reading rules cal.326 substituted for a5459 |
Jun 03, 2021 |
substituted by s191 |
Jun 02, 2021 |
ordered to third reading rules cal.326 rules report cal.326 reported |
May 26, 2021 |
reported referred to rules |
Mar 09, 2021 |
reported referred to ways and means |
Feb 16, 2021 |
referred to economic development |
Assembly Bill A5459
Signed By Governor2021-2022 Legislative Session
Sponsored By
DARLING
Archive: Last Bill Status Via S191 - 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
co-Sponsors
Donna Lupardo
Judy Griffin
Marianne Buttenschon
2021-A5459 (ACTIVE) - Details
2021-A5459 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5459 2021-2022 Regular Sessions I N A S S E M B L Y February 16, 2021 ___________ Introduced by M. of A. DARLING -- read once and referred to the Commit- tee on Economic Development AN ACT to amend the state finance law and the banking law, in relation to authorizing credit unions to participate in the excelsior linked deposit program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (b) of subdivision 14 of section 213 of the state finance law, as added by chapter 25 of the laws of 1995, is amended to read as follows: (b) any thrift OR CREDIT UNION which an authorized depositor deter- mines is eligible to accept linked deposits based upon criteria applied by the authorized depositor in making determinations under section one hundred five of this chapter, and which agrees to participate in the program, provided that any linked deposit in such thrift OR CREDIT UNION shall be secured in the same manner as moneys deposited pursuant to section one hundred five of this chapter and such thrifts OR CREDIT UNIONS shall pledge assets or furnish other security satisfactory in form and amount to the authorized depositor for the repayment of moneys. Until April first, nineteen hundred ninety-six, in the determination of thrifts eligible to accept linked deposits, the authorized depositor shall give priority to applications by those thrifts seeking to make linked loans in economic development regions in which fewer than ten linked loans have been made on or before April first, nineteen hundred ninety-five. Provided, however, that the granting of such priority shall in no way relieve an authorized depositor of his or her duty and obli- gation to review all thrift applications from all economic development regions in the state on a timely basis. § 2. The closing paragraph of subdivision 15 of section 213 of the state finance law, as amended by chapter 291 of the laws of 2004, is amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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