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NY A06877
Bill
Status
4/23/2013
Primary Sponsor
Annette Robinson
Click for details
AI Summary
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Establishes a ten-year validity period for banking development district designations, with the superintendent authorized to extend for an additional ten years upon demonstrating continued need for banking services
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Requires the superintendent to issue a determination on banking development district applications within sixty days and notify specified state officials and legislative leadership upon approval
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Mandates that banks, trust companies, or national banks operating branches in banking development districts offer affordable products and services including financial education tailored to community banking needs
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Takes effect 180 days after becoming law
Legislative Description
Relates to banking development districts; requires renewal of certain branches within banking development districts.
Last Action
advanced to third reading cal.690
5/15/2014