Bill Text: NY A06090 | 2023-2024 | General Assembly | Introduced

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Bill Title: Includes participation in a banking development district as a factor when assessing a banking institution's record of performance in relation to the Community Reinvestment Act of 1977.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2024-05-29 - substituted by s6648 [A06090 Detail]

Download: New_York-2023-A06090-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6090

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      April 3, 2023
                                       ___________

        Introduced by M. of A. ANDERSON -- read once and referred to the Commit-
          tee on Banks

        AN  ACT to amend the banking law, in relation to including participation
          in a banking development district as a factor when assessing a banking
          institution's record of performance

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. Paragraph (a) of subdivision 3 of section 28-b of the bank-
     2  ing law is by adding a new subparagraph 10-a to read as follows:
     3    (10-a) The banking institution's participation in the banking develop-
     4  ment district program by establishing a branch in such district pursuant
     5  to section ninety-six-d of this chapter;
     6    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10304-02-3