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NY A07272

Bill

Official Source

Status

Introduced

5/16/2023

Primary Sponsor

Khaleel Anderson

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends subdivision 2-a of section 96-d of the banking law to remove the requirement that bank branches must have opened after December 31, 1996 to qualify for banking development district designation applications
  • Allows local governments to submit applications in conjunction with banks, trust companies, or national banks that have already opened branches in designated areas, without date restrictions
  • Requires the superintendent to consider the importance and benefits of preserving banking services offered by existing branches when evaluating applications
  • Takes effect immediately upon enactment

Legislative Description

Permits the submission of applications for banking development district designations regardless of the date the applicant opened, banks and trust companies need not have opened after December 31, 1996.

Last Action

substituted by s6970

6/21/2023

Committee Referrals

Rules6/21/2023
Ways and Means5/23/2023
Banks5/16/2023

Full Bill Text

No bill text available