Senate Bill S6970

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 - 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-S6970 (ACTIVE) - Details

See Assembly Version of this Bill:
A7272
Law Section:
Banking Law
Laws Affected:
Amd §96-d, Bank L

2023-S6970 (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-S6970 (ACTIVE) - Sponsor Memo

2023-S6970 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6970
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               May 16, 2023
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed to the Committee 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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