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NY S02494

Bill

Official Source

Status

Passed

11/13/2013

Primary Sponsor

Joseph Griffo

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends the banking law to modify the community bank deposit program under section 87
  • Maintains the existing maximum deposit limit of $250 million each for the state comptroller and commissioner of taxation and finance
  • Establishes a new maximum deposit limit of $20 million per community banking institution
  • 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

SIGNED CHAP.495

11/13/2013

Committee Referrals

Banks4/16/2013
Finance2/12/2013
Banks1/17/2013

Full Bill Text

No bill text available