What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Approval memo.2
- Signed chap.11
- Delivered to governor
- Returned to assembly
- Passed senateVote 62–0
- 3rd reading cal.67
- Substituted for S1936
- Referred to banks
- Delivered to senate
- Passed assembly
- Advanced to third reading cal.35
- Reported
Show 1 earlier action
- Referred to banks
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Authorizes the establishment of multiple branches in an existing banking development district by a bank, trust company or national bank
Senate Floor Calendar · Sponsor Kevin S. Parker
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A259
Title of bill
An act to amend the banking law, in relation to multiple branches in an existing banking development district
Purpose or general idea of bill
It allows for the establishment of multiple branches in an existing banking development district by a bank, trust company or national bank. The purpose of this bill is to encourage banks to expand their services, especially in underdeveloped areas.
Summary of specific provisions
This bill adds a subdivision that states that nothing shall preclude the establishment of multiple branches in an existing banking development district. Additional approved branches would be eligible for all the rights and privileges authorized by Section 1 of the banking law.
Justification
The bill addresses the limitations currently experienced by banking institutions to expand in banking development districts.
Prior legislative history
2007-2008 - A1680 02/06/08 Passed Assembly 02/06/08 Delivered to Senate - Referred to Banks
Fiscal implications
To be determined
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.