Assembly Bill A7924

Signed By Governor
2021-2022 Legislative Session

Provides for reporting for the state charter advisory board and extends the effectiveness of such board

download bill text pdf

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Archive: Last Bill Status Via S7090 - 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

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2021-A7924 (ACTIVE) - Details

See Senate Version of this Bill:
S7090
Law Section:
Financial Services Law
Laws Affected:
Amd §205-b, Fin Serv L; amd Part A §114, Chap 62 of 2011

2021-A7924 (ACTIVE) - Summary

Provides for annual reporting regarding meetings of the state charter advisory board; extends the effectiveness of such board for five years.

2021-A7924 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7924
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 28, 2021
                                ___________
 
 Introduced by M. of A. PICHARDO -- read once and referred to the Commit-
   tee on Banks
 
 AN ACT to amend the financial services law, in relation to reporting for
   the  state charter advisory board; and to amend chapter 62 of the laws
   of 2011, relating to constituting chapter  18-A  of  the  consolidated
   laws  relating  to  financial  services,  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 205-b of the financial services law is amended by
 adding a new undesignated closing paragraph to read as follows:
   THE SUPERINTENDENT SHALL MAKE AN ANNUAL REPORT NO  LATER  THAN  THIRTY
 DAYS AFTER THE END OF EACH YEAR TO THE TEMPORARY PRESIDENT OF THE SENATE
 AND  THE  SPEAKER  OF THE ASSEMBLY, WHICH SHALL INCLUDE A SUMMARY OF THE
 TOPICS DISCUSSED AT STATE CHARTER ADVISORY BOARD  MEETINGS  DURING  SUCH
 YEAR,  AND  ANY LEGISLATIVE RECOMMENDATIONS RELATED TO THE TOPICS RAISED
 AT SUCH MEETINGS OR MADE BY ANY MEMBER OF  THE  STATE  CHARTER  ADVISORY
 BOARD.
   §  2.  Subdivision  (e)  of section 114 of part A of chapter 62 of the
 laws of 2011, relating to constituting chapter 18-A of the  consolidated
 laws  relating  to  financial services, as amended by chapter 228 of the
 laws of 2016, is amended to read as follows:
   (e) section 205-b of the financial services law as  added  by  section
 one of this act shall expire October 3, [2021] 2026, when upon such date
 the provisions of such section shall be deemed repealed;
   §  3.  This  act  shall take effect immediately; provided, however the
 amendments made to section 205-b of the financial services law  made  by
 section  one of this act shall not affect the repeal of such section and
 shall be deemed repealed therewith.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11733-02-1

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