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Sponsors
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History
- Signed chap.228
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.108
- Substituted for A10427
- Referred to banks
- Delivered to assembly
- Passed senateVote 60–0
- Ordered to third reading cal.1518
- Committee discharged and committed to rules
- Reported and committed to rules
Show 1 earlier action
- Referred to finance
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.
Extends the effectiveness of the state charter advisory board
Assembly Floor Calendar · Sponsor Annette Robinson
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act 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
Purpose
To extend the expiration of the State Charter Advisory Board for 5 additional year through October 3, 2021.
Summary of provisions
Amends subdivision e of Section 114 of part A of Chapter 62 of the laws of 2011 to amend Section 205-b of the financial services law
Existing law
Authorization for the State Charter Advisory Board is set to expire on October 3, 2016.
Justification
The State Charter Advisory Board works with the Superintendent in retaining state chartered banking institutions, encouraging federally chartered institutions to convert to a state charter and promoting the state banking system. There are nine members of the advisory board, consisting of one representative of credit unions. one representative of consumers, one representative of foreign banks; and representatives of banks reflecting a range of assets, size and geographical location.
The superintendent governs the method by which state chartered institutions may nominate persons-to the board and the process for selecting such members, provided that the representative of consumers is selected by the Superintendent.
Legislative history
New Legislation
Fiscal implications
To be determined
Effective date
Immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.