New York A 9574: Relates to a deposit placement program for the Banking Development District Program

Bill Text

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A09574 Summary:

BILL NOA09574 

&nbsp

SAME ASSAME AS S08357

&nbsp

SPONSORAnderson

&nbsp

COSPNSRChandler-Waterman, Jackson, Tapia, Dinowitz, Cruz, Septimo, Zinerman, Seawright, De Los Santos,
 Reyes, Taylor, Carroll P, Stirpe, Simon, Bichotte Hermelyn, O'Pharrow, Burroughs, Hooks, Bologna,
 Hyndman, Otis, Rosenthal

&nbsp

MLTSPNSR

&nbsp

Amd §105, St Fin L

&nbsp

Allows a bank, in the discretion of the comptroller and the commissioner of taxation and finance, to arrange for the redeposit of moneys, in whole or in part, through a deposit placement program.

Go to top A09574 Actions:

BILL NOA09574 

&nbsp

01/21/2026referred to banks

05/29/2026reference changed to ways and means

06/01/2026reported referred to rules

06/02/2026reported 

06/02/2026rules report cal.354

06/02/2026ordered to third reading rules cal.354

06/02/2026substituted by s8357

&nbspS08357 AMEND= SANDERS

&nbsp06/04/2025REFERRED TO RULES

&nbsp06/09/2025ORDERED TO THIRD READING CAL.1666

&nbsp06/09/2025PASSED SENATE

&nbsp06/09/2025DELIVERED TO ASSEMBLY

&nbsp06/09/2025referred to banks

&nbsp01/07/2026died in assembly

&nbsp01/07/2026returned to senate

&nbsp01/07/2026REFERRED TO FINANCE

&nbsp03/05/20261ST REPORT CAL.470

&nbsp03/09/20262ND REPORT CAL.

&nbsp03/10/2026ADVANCED TO THIRD READING 

&nbsp03/25/2026PASSED SENATE

&nbsp03/25/2026DELIVERED TO ASSEMBLY

&nbsp03/25/2026referred to banks

&nbsp06/02/2026substituted for a9574

&nbsp06/02/2026ordered to third reading rules cal.354

&nbsp06/02/2026passed assembly

&nbsp06/02/2026returned to senate

Go to topA09574 Committee&nbspVotes:

Committee:WAYS AND MEANS Chair:Pretlow 
DATE:06/01/2026AYE/NAY:32/0 Action: Favorable refer to committee Rules PretlowAyePalmesanoAye

GlickAyeFitzpatrickAye

ColtonAyeHawleyAye

CookExcusedBlankenbushAye

BenedettoAyeWalshAye

WeprinAyeDeStefanoAye

RamosAbsentManktelowAye

BraunsteinAyeSmullenAye

McDonaldAyeGiglioAye

RozicAyeSlaterAye

DinowitzAye

MagnarelliAye

BronsonAye

DilanAbsent

SeawrightAye

HyndmanAye

WalkerAye

Bichotte HermelAye

SimonAye

CruzAye

OtisAye

SolagesAye

HunterAye

SeptimoAye

HevesiAye

Committee:RULES Chair:Glick 
DATE:06/02/2026AYE/NAY:27/0 Action: Favorable HeastieExcusedRaAye

PretlowAyeHawleyAye

CookExcusedBlankenbushAye

GlickAyeBrabenecAye

DinowitzAyePalmesanoAye

ColtonAyeReillyAye

MagnarelliAyeSmithAye

PaulinAyeJensenAye

Peoples-StokesExcusedGandolfoAye

BenedettoAye

LavineAye

LupardoAye

BraunsteinAye

DavilaAye

HyndmanExcused

RozicAye

BronsonAye

HevesiAye

HunterAye

TaylorAye

CruzAye

VanelAye

Go to topA09574 Floor&nbspVotes:

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

Go to topA09574 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9574

 IN ASSEMBLY

 January 21, 2026
 ___________

 Introduced by M. of A. ANDERSON -- (at request of the State Comptroller)
 -- read once and referred to the Committee on Banks

 AN ACT to amend the state finance law, in relation to a deposit place-
 ment program for the Banking Development District Program

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

 1 Section 1. The opening paragraph of subdivision 2 of section 105 of
 2 the state finance law, as amended by chapter 154 of the laws of 1953, is
 3 amended to read as follows:
 4 [Every] Except as otherwise provided in this section, every bank,
 5 trust company and industrial bank designated for the deposit of state
 6 moneys under the provisions of this section shall, before deposits are
 7 made:
 8 § 2. Subdivision 3 of section 105 of the state finance law, as amended
 9 by chapter 154 of the laws of 1953, is amended and a new subdivision 7
 10 is added to read as follows:
 11 3. Notwithstanding any other general or special law, and except as
 12 otherwise provided in this section, no bonds, notes or other obli-
 13 gations[, except as above described,] shall be accepted as security for
 14 moneys deposited pursuant to this section or section one hundred six of
 15 this [chapter] article. No general or special law which in substance or
 16 in effect authorizes or requires the deposit of specified bonds, notes
 17 or other obligations with any public officer or body of this state for
 18 any purpose for which the deposit of b