1. The Laws of New York
  2. Consolidated Laws
  3. Banking
  4. Article 2-C: Community Bank Deposit Program

Section 85 Community bank deposit program; purpose

Banking (BNK)

In recognition of the economic benefits and stimulus which result from the placement of deposits in local banks, the community bank deposit program is hereby created to authorize and encourage the state comptroller and the commissioner of taxation and finance to deposit a portion of the funds under their control into community banking institutions.