New York A 8665: Relates to the powers of the commissioner of health in administering the elderly pharmaceutical insurance coverage program

Bill Text

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A08665 Summary:

BILL NOA08665 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORVanel

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd 96-d, Bank L

&nbsp

Relates to minority depository institutions which apply to establish a home or branch office in an unbanked or underbanked community; provides that such institutions shall be entitled to receive deposits from the state comptroller and the commissioner of taxation and finance.

Go to top A08665 Actions:

BILL NOA08665 

&nbsp

05/23/2025referred to banks

05/28/2025reported referred to ways and means

01/07/2026referred to ways and means

Go to topA08665 Committee&nbspVotes:

Committee:BANKS Chair:Vanel 
DATE:05/28/2025AYE/NAY:28/0 Action: Favorable refer to committee Ways and Means VanelAyeBolognaAye

WeprinAyeMikulinAye

TaylorAyeSmullenAye

SternAyeFitzpatrickAye

SayeghAyeLemondesAye

BurkeAyeDiPietroExcused

AndersonAyeChangAye

MitaynesAyeChludzinskiAye

SeptimoAyeMolitorAye

TapiaExcused

De Los SantosAye

CunninghamAye

LeeAye

RagaAye

BurdickAye

DaisAye

JacksonAye

TorresExcused

HooksAye

WiederAye

WrightAye

YegerAye

Go to topA08665 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA08665 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8665

 2025-2026 Regular Sessions

 IN ASSEMBLY

 May 23, 2025
 ___________

 Introduced by M. of A. VANEL -- read once and referred to the Committee
 on Banks

 AN ACT to amend the banking law, in relation to minority depository
 institutions which apply to establish a home or branch office in an
 unbanked or underbanked community

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

 1 Section 1. Subdivision 5 of section 96-d of the banking law is amended
 2 by adding a new paragraph (c) to read as follows:
 3 (c) A minority depository institution as defined by section 308 of the
 4 federal Financial Institution Reform, Recovery, and Enforcement Act of
 5 1989, which has a home or branch office in a community determined by the
 6 superintendent to be unbanked or underbanked, and which is not exempt
 7 from the payment of corporate franchise taxes under article nine-A of
 8 the tax law, shall be authorized and entitled to receive deposits from
 9 the state comptroller and the commissioner of taxation and finance in
 10 accordance with the provisions of section ninety-eight-a and section one
 11 hundred five of the state finance law, in addition to the municipal
 12 deposits provided herein. The amount of such deposits shall be deter-
 13 mined jointly by the superintendent and the state comptroller. Authori-
 14 zation pursuant to this paragraph shall run concurrently with the term
 15 of the designation of a banking development district approved by the
 16 superintendent pursuant to subdivision two of this section and shall be
 17 extended to run concurrently with any extension of such designation by
 18 the superintendent pursuant to subdivision two of this section.
 19 § 2. This act shall take effect immediately, provided, however, the
 20 amendments to subdivision 5 of section 96-d of the banking law made by
 21 section one of this act shall not affect the repeal of such subdivision
 22 and shall be deemed repealed therewith.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07996-03-5

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