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NY A03236

Bill

Official Source

Status

Introduced

1/24/2013

Primary Sponsor

William Magee

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Amends Banking Law Section 87 regarding the community bank deposit program
  • Maintains existing cap of $250 million maximum that the state comptroller and commissioner of taxation and finance may deposit collectively
  • Adds new requirement that maximum funds on deposit at any single community banking institution shall not exceed $20 million
  • Takes effect immediately upon enactment

Legislative Description

Relates to the maximum amount of funds which the state comptroller and the commissioner of taxation and finance may deposit and the maximum amount of funds on deposit at a community banking institution.

Last Action

substituted by s2494

6/17/2013

Committee Referrals

Rules6/10/2013
Ways and Means4/23/2013
Banks1/24/2013

Full Bill Text

No bill text available