Bill Text: NY S07090 | 2021-2022 | General Assembly | Introduced
Bill Title: Provides for annual reporting regarding meetings of the state charter advisory board; extends the effectiveness of such board for five years.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2021-07-16 - SIGNED CHAP.302 [S07090 Detail]
Download: New_York-2021-S07090-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7090 2021-2022 Regular Sessions IN SENATE May 28, 2021 ___________ Introduced by Sen. THOMAS -- read twice and ordered printed, and when printed to be committed to the Committee on Banks AN ACT to amend the financial services law, in relation to reporting for the state charter advisory board; and 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 The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 205-b of the financial services law is amended by 2 adding a new undesignated closing paragraph to read as follows: 3 The superintendent shall make an annual report no later than thirty 4 days after the end of each year to the temporary president of the senate 5 and the speaker of the assembly, which shall include a summary of the 6 topics discussed at state charter advisory board meetings during such 7 year, and any legislative recommendations related to the topics raised 8 at such meetings or made by any member of the state charter advisory 9 board. 10 § 2. Subdivision (e) of section 114 of part A of chapter 62 of the 11 laws of 2011, relating to constituting chapter 18-A of the consolidated 12 laws relating to financial services, as amended by chapter 228 of the 13 laws of 2016, is amended to read as follows: 14 (e) section 205-b of the financial services law as added by section 15 one of this act shall expire October 3, [2021] 2026, when upon such date 16 the provisions of such section shall be deemed repealed; 17 § 3. This act shall take effect immediately; provided, however the 18 amendments made to section 205-b of the financial services law made by 19 section one of this act shall not affect the repeal of such section and 20 shall be deemed repealed therewith. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11733-02-1