Legislation
SECTION 85
Community bank deposit program; purpose
Banking (BNK) CHAPTER 2, ARTICLE 2-C
§ 85. Community bank deposit program; purpose. 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.
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.