Assembly Bill A7272

Signed By Governor
2023-2024 Legislative Session

Permits the submission of applications for banking development district designations regardless of the date the applicant opened

download bill text pdf

Sponsored By

Current Bill Status Via S6970 - 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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2023-A7272 (ACTIVE) - Details

See Senate Version of this Bill:
S6970
Law Section:
Banking Law
Laws Affected:
Amd §96-d, Bank L

2023-A7272 (ACTIVE) - Summary

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.

2023-A7272 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7272
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 16, 2023
                                ___________
 
 Introduced by M. of A. ANDERSON -- read once and referred to the Commit-
   tee on Banks
 
 AN  ACT  to  amend  the  banking  law,  in  relation  to  permitting the
   submission of applications for  banking  development  district  desig-
   nations regardless of the date the applicant opened

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 2-a of section 96-d  of  the  banking  law,  as
 added by chapter 328 of the laws of 1999, is amended to read as follows:
   2-a. Notwithstanding any other provision of law, an application may be
 submitted by a local government in conjunction with a bank, trust compa-
 ny  or  national bank which has already opened a bank branch within such
 area[, provided such branch  was  opened  after  December  thirty-first,
 nineteen  hundred  ninety-six].  In  considering the criteria authorized
 pursuant to subdivision one of this section,  the  superintendent  shall
 also  take  into  account  the importance and benefits of preserving the
 banking services offered by the existing branch.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11296-01-3

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