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Who cares
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Sponsors
1 Co-sponsor
History
- Substituted by A259
- Advanced to third reading
- 2nd report cal.
- 1st report cal.67
- 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
Signed by Governor · Sponsor José Peralta
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
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 - A.1680 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.