Senate Bill S2780

2013-2014 Legislative Session

Relates to funds of the state

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee


  • 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

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2013-S2780 (ACTIVE) - Details

See Assembly Version of this Bill:
A2058
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add ยง2891, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2009-2010: S8507, A11713
2011-2012: S2850, A5947
2015-2016: S2453, A5798
2017-2018: S2265, A1861
2019-2020: S4262
2021-2022: S4425
2023-2024: S5157

2013-S2780 (ACTIVE) - Summary

Relates to funds of the state; prohibits certain public authorities, commissions or public benefit corporations from depositing moneys in certain banking institutions.

2013-S2780 (ACTIVE) - Sponsor Memo

2013-S2780 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2780

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 23, 2013
                               ___________

Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Corporations,  Authorities
  and Commissions

AN  ACT to amend the public authorities law, in relation to funds of the
  state

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The  public  authorities  law  is amended by adding a new
section 2891 to read as follows:
  S 2891. DEPOSITS. NOTWITHSTANDING ANY OTHER PROVISIONS OF  THIS  CHAP-
TER,  NO  PUBLIC  AUTHORITY,  COMMISSION  OR  PUBLIC BENEFIT CORPORATION
CONTINUED OR CREATED BY THIS CHAPTER SHALL DEPOSIT ITS MONEYS IN A BANK-
ING INSTITUTION TO WHICH THE COMMUNITY REINVESTMENT ACT OF 1977,  UNITED
STATES  P.L.  95-128,  APPLIES  UNLESS  SUCH  INSTITUTION HAS RECEIVED A
RECORD OF PERFORMANCE NO LOWER THAN  SATISFACTORY  AS  DETERMINED  UNDER
SUCH ACT IN ACCORDANCE WITH SECTION TWENTY-EIGHT-B OF THE BANKING LAW.
  S 2. This act shall take effect on the one hundred eightieth day after
it shall have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03112-01-3


              

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