New York S 4323: Relates to accessibility requirements in certain procurement contracts

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 - This bill is not active in this session.

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S04323 Summary:

BILL NOS04323 

&nbsp

SAME ASSAME AS A05345

&nbsp

SPONSORKRUEGER

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add Art 13-F §§680 - 680-p, Bank L

&nbsp

Enacts the uniform special deposits act to provide for special deposits in the state of New York in a manner uniform to other jurisdictions.

Go to top S04323 Actions:

BILL NOS04323 

&nbsp

02/04/2025REFERRED TO BANKS

05/20/20251ST REPORT CAL.1171

05/21/20252ND REPORT CAL.

05/22/2025ADVANCED TO THIRD READING 

06/05/2025SUBSTITUTED BY A5345

&nbspA05345 AMEND= Hunter

&nbsp02/13/2025referred to banks

&nbsp05/19/2025reported referred to codes

&nbsp05/28/2025reported referred to rules

&nbsp05/29/2025reported 

&nbsp05/29/2025rules report cal.316

&nbsp05/29/2025ordered to third reading rules cal.316

&nbsp05/29/2025passed assembly

&nbsp05/29/2025delivered to senate

&nbsp05/29/2025REFERRED TO BANKS

&nbsp06/05/2025SUBSTITUTED FOR S4323

&nbsp06/05/20253RD READING CAL.1171

&nbsp06/05/2025PASSED SENATE

&nbsp06/05/2025RETURNED TO ASSEMBLY

&nbsp12/01/2025delivered to governor

&nbsp12/05/2025signed chap.583

Go to topS04323 Committee&nbspVotes:

Go to topS04323 Floor&nbspVotes:

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

Go to topS04323 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4323

 2025-2026 Regular Sessions

 IN SENATE

 February 4, 2025
 ___________

 Introduced by Sen. KRUEGER -- 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 enacting the uniform
 special deposits act

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

 1 Section 1. The banking law is amended by adding a new article 13-F to
 2 read as follows:
 3 ARTICLE XIII-F
 4 UNIFORM SPECIAL DEPOSITS ACT
 5 Section 680. Short title.
 6 680-a. Definitions.
 7 680-b. Scope; choice of law; forum.
 8 680-c. Variation by agreement or amendment.
 9 680-d. Requirements for special deposit.
 10 680-e. Permissible purpose.
 11 680-f. Payment to beneficiary by bank.
 12 680-g. Property interest of depositor or beneficiary.
 13 680-h. When creditor process enforceable against bank.
 14 680-i. Injunction or similar relief.
 15 680-j. Recoupment or set off.
 16 680-k. Duties and liability of bank.
 17 680-l. Term and termination.
 18 680-m. Principles of law and equity.
 19 680-n. Uniformity of application and construction.
 20 680-o. Transitional provision.
 21 680-p. Severability.
 22 § 680. Short title. This article shall be known and may be cited as
 23 the "uniform special deposits act".
 24 § 680-a. Definitions. As used in this article, the following terms
 25 shall have the following meanings:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06883-01-5

 S. 4323 2

 1 1. "Account agreement" means an agreement that:
 2 (a) is in a record between a bank and one or more depositors;
 3 (b) may have one or more beneficiaries as additional parties; and
 4 (c) states the intention of the parties to establish a special deposit
 5 governed by this article.
 6 2. "Bank" means a person engaged in the business of banking and
 7 includes a savings bank, savings and loan association, credit union,
 8 trust company, and a bank as defined in section two of this chapter.
 9 Each branch or separate office of a bank is a separate bank for the
 10 purpose of this article.
 11 3. "Beneficiary" means a person that:
 12 (a) is identified as a beneficiary in an account agreement; or
 13 (b) if not identified as a beneficiary in an account agreement, may be
 14 entitled to payment from a special deposit:
 15 (i) under the account agreement; or
 16 (ii) on termination of the special deposit.
 17 4. "Contingency" means an event or circumstance stated in an account
 18 agreement that is not certain to occur but must occur before the bank is
 19 obligated to pay a beneficiary.
 20 5. "Creditor process" means attachment, garnishment, levy, notice of
 21 lien, sequestration, or similar process issued by or on behalf of a
 22 creditor or other claimant.
 23 6. "Depositor" means a person that establishes or funds a special
 24 deposit.