Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 01, 2016 |
signed chap.46 |
May 20, 2016 |
delivered to governor |
May 18, 2016 |
returned to assembly passed senate 3rd reading cal.819 substituted for s7184 |
May 18, 2016 |
substituted by a9480 |
May 17, 2016 |
advanced to third reading |
May 16, 2016 |
2nd report cal. |
May 11, 2016 |
1st report cal.819 |
Apr 06, 2016 |
referred to banks |
Senate Bill S7184
Signed By Governor2015-2016 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status Via A9480 - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2015-S7184 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9480
- Law Section:
- Banks
- Laws Affected:
- Amd ยง4, Chap 526 of 1998
2015-S7184 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7184 TITLE OF BILL : An act to amend chapter 526 of the laws of 1998, amending the banking law relating to participation in the banking development districts program, in relation to extending the effectiveness thereof PURPOSE : To extend, for an additional six years, the provisions of Chapter 526 of 1998 which authorize savings institutions to participate in the Banking Development District program. SUMMARY OF PROVISIONS : The bill amends the effective date of Chapter 526 of 1998 to extend the Provisions of this law for another 6 years (to January 1, 2023). JUSTIFICATION : The Banking Development District Program was created in 1997. This program enables municipalities to offer certain incentives in order to encourage the establishment of bank branches in underserved areas. Under the program, a municipality and a banking institution may jointly apply to designate a "Banking Development District." By
2015-S7184 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7184 I N S E N A T E April 6, 2016 ___________ Introduced by Sen. SAVINO -- read twice and ordered printed, and when printed to be committed to the Committee on Banks AN ACT to amend chapter 526 of the laws of 1998, amending the banking law relating to participation in the banking development districts program, in relation to extending the effectiveness thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 4 of chapter 526 of the laws of 1998, amending the banking law relating to participation in the banking development districts program, as amended by chapter 484 of the laws of 2011, is amended to read as follows: S 4. This act shall take effect on the first day of January next succeeding the date on which it shall have become a law and shall remain in effect until January 1, [2017] 2023 when upon such date it shall expire and be deemed repealed; provided however that any branch estab- lished prior to the expiration and repeal of this act by a savings bank, savings and loan association, federal savings bank or federal savings and loan association in a banking development district pursuant to this act shall continue to operate in accordance with this act and remain eligible for all the rights and privileges authorized by this act. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14597-01-6
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