Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 12, 2016 |
advanced to third reading cal.596 |
May 10, 2016 |
reported |
Mar 01, 2016 |
reported referred to ways and means |
Jan 06, 2016 |
referred to banks |
Feb 17, 2015 |
referred to banks |
Assembly Bill A5302
2015-2016 Legislative Session
Sponsored By
ROBINSON
Archive: Last Bill Status - On Floor Calendar
- 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
co-Sponsors
David Weprin
2015-A5302 (ACTIVE) - Details
2015-A5302 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5302 2015-2016 Regular Sessions I N A S S E M B L Y February 17, 2015 ___________ Introduced by M. of A. ROBINSON -- read once and referred to the Commit- tee on Banks AN ACT to amend the banking law, in relation to banking development districts THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 96-d of the banking law, as added by chapter 204 of the laws of 1997, is amended to read as follows: 2. A local government, in conjunction with a bank, trust company or national bank, may submit an application to the superintendent for the designation of a banking development district. The superintendent shall issue a determination on such an application within sixty days of receiving such application. If an application is approved, the super- intendent shall transmit notification of such approval to the local government, the bank, trust company or national bank, the state comp- troller, the commissioner of taxation and finance, the commissioner of the department of economic development, the temporary president of the senate and the speaker of the assembly. A DESIGNATION OF A BANKING DEVELOPMENT DISTRICT SHALL BE VALID FOR TEN YEARS FROM THE DATE OF DESIGNATION. THE SUPERINTENDENT MAY EXTEND THE TERM OF A BANKING DEVEL- OPMENT DISTRICT AN ADDITIONAL TEN YEAR PERIOD UPON A DETERMINATION THAT THERE IS A DEMONSTRATED NEED FOR BANKING SERVICES IN SUCH BANKING DEVEL- OPMENT DISTRICT. S 2. Section 96-d of the banking law is amended by adding a new subdi- vision 3-a to read as follows: 3-A. IN ORDER TO MEET THE DEMONSTRATED NEED FOR BANKING SERVICES IN A BANKING DEVELOPMENT DISTRICT, ANY BANK, TRUST COMPANY OR NATIONAL BANK THAT HAS ESTABLISHED A BRANCH WITHIN A BANKING DEVELOPMENT DISTRICT SHALL OFFER AFFORDABLE PRODUCTS AND SERVICES, INCLUDING FINANCIAL EDUCA- TION SERVICES, TAILORED TO THE BANKING NEEDS OF THE COMMUNITY IN WHICH THE BRANCH IS LOCATED. S 3. 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
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