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NY S04291
Bill
Status
Passed
10/20/2010
Primary Sponsor
Liz Krueger
Click for details
AI Summary
- Amends State Finance Law Section 106 to add requirements for the State Comptroller when designating banking institutions for state deposits
- Prohibits the Comptroller from designating banking institutions that are subject to the Community Reinvestment Act of 1977 (U.S.P.L. 95-128) unless they have received a performance rating of "satisfactory" or higher under that Act
- Applies to deposits by state officers, state institutions, and charitable and benevolent institutions supported in whole or in part by the state
- Takes effect 180 days after becoming law
Legislative Description
Prohibits comptroller from establishing an account in a banking institution with a "community reinvestment act of 1977" rating of less than satisfactory.
Last Action
SIGNED CHAP.551
10/20/2010
Committee Referrals
Ways and Means6/28/2010
Finance4/21/2009
Full Bill Text
No bill text available