New York S 3615: Relates to codifying distinctive plates for emergency medical technicians and eliminating such plates annual service charge

Bill Text

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S03615 Summary:

BILL NOS03615 

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SAME ASNo Same As

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SPONSORSANDERS

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COSPNSRBORRELLO

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MLTSPNSR

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Amd §96-d, Bank L

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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 S03615 Actions:

BILL NOS03615 

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01/29/2025REFERRED TO BANKS

02/25/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO BANKS

02/26/2026REPORTED AND COMMITTED TO FINANCE

Go to topS03615 Committee&nbspVotes:

Go to topS03615 Floor&nbspVotes:

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

Go to topS03615 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3615

 2025-2026 Regular Sessions

 IN SENATE

 January 29, 2025
 ___________

 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 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, shall be authorized and
 7 entitled to receive deposits from the state comptroller and the commis-
 8 sioner of taxation and finance in accordance with the provisions of
 9 section ninety-eight-a and section one hundred five of the state finance
 10 law, in addition to the municipal deposits provided herein. The amount
 11 of such deposits shall be determined jointly by the superintendent and
 12 the state comptroller. Authorization pursuant to this paragraph shall
 13 run concurrently with the term of the designation of a banking develop-
 14 ment district approved by the superintendent pursuant to subdivision two
 15 of this section and shall be extended to run concurrently with any
 16 extension of such designation by the superintendent pursuant to subdivi-
 17 sion two of this section.
 18 § 2. This act shall take effect immediately, provided, however, the
 19 amendments to subdivision 5 of section 96-d of the banking law made by
 20 section one of this act shall not affect the repeal of such subdivision
 21 and shall be deemed repealed therewith.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07996-01-5

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