Bill Text: NY S06970 | 2023-2024 | General Assembly | Introduced
Bill Title: Permits the submission of applications for banking development district designations regardless of the date the applicant opened, banks and trust companies need not have opened after December 31, 1996.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2023-10-25 - SIGNED CHAP.600 [S06970 Detail]
Download: New_York-2023-S06970-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 6970 2023-2024 Regular Sessions IN SENATE May 16, 2023 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Banks AN ACT to amend the banking law, in relation to permitting the submission of applications for banking development district desig- nations regardless of the date the applicant opened The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 2-a of section 96-d of the banking law, as 2 added by chapter 328 of the laws of 1999, is amended to read as follows: 3 2-a. Notwithstanding any other provision of law, an application may be 4 submitted by a local government in conjunction with a bank, trust compa- 5 ny or national bank which has already opened a bank branch within such 6 area[, provided such branch was opened after December thirty-first,7nineteen hundred ninety-six]. In considering the criteria authorized 8 pursuant to subdivision one of this section, the superintendent shall 9 also take into account the importance and benefits of preserving the 10 banking services offered by the existing branch. 11 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11296-01-3
