NY A11705 | 2009-2010 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on October 13 2010 - 25% progression, died in committee
Action: 2010-10-13 - referred to banks
Pending: Assembly Banks Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on October 13 2010 - 25% progression, died in committee
Action: 2010-10-13 - referred to banks
Pending: Assembly Banks Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The bill would create a development bank for New York State, a government-owned corporation modeled after the European Investment Bank, with an independent and objective Board of Directors to, among other things, make final infrastructure financing determinations; an Executive Committee to handle the day-to-day operations of the Bank; and Risk Management and Audit Committees to carefully manage risk and monitor the bank's activities.
Title
Establishes the New York state infrastructure development bank within the banking department, makes a $250,000,000 appropriation therefor and provides for the expiration thereof upon its repeal in 15 years.
Sponsors
| Asm. Marc Alessi [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2010-10-13 | referred to banks |
Same As/Similar To
S08481 (Same As) 2010-09-08 - REFERRED TO FINANCE
