NY A09587 | 2023-2024 | General Assembly

Status

Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on March 22 2024 - 25% progression
Action: 2024-03-22 - referred to banks
Pending: Assembly Banks Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Establishes the savings bank, savings and loan association or credit union municipal deposit program; defines terms; provides that a credit union accepting deposits of public money is subject to certain limitations and shall pledge assets or furnish other security satisfactory in form and amount to the depositor, for the repayment of monies held in the name of such depositor, when required to be secured by applicable law, decree, or regulation.

Tracking Information

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Title

Establishes the savings bank, savings and loan association or credit union municipal deposit program; defines terms; provides that a credit union accepting deposits of public money is subject to certain limitations and shall pledge assets or furnish other security satisfactory in form and amount to the depositor, for the repayment of monies held in the name of such depositor, when required to be secured by applicable law, decree, or regulation.

Sponsors


History

DateChamberAction
2024-03-22Assemblyreferred to banks

Same As/Similar To

S08915 (Same As) 2024-03-27 - REFERRED TO BANKS

New York State Sources


Bill Comments

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