New York A 9573: Enacts the tobacco product waste reduction act

Bill Text

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A09573 Summary:

BILL NOA09573 

&nbsp

SAME ASSAME AS S08406

&nbsp

SPONSORVanel

&nbsp

COSPNSRBurroughs

&nbsp

MLTSPNSR

&nbsp

Amd §87, Bank L

&nbsp

Relates to the community bank deposit program; increases the maximum amount of funds on deposit at a community banking institution to thirty million dollars.

Go to top A09573 Actions:

BILL NOA09573 

&nbsp

01/21/2026referred to banks

Go to topA09573 Committee&nbspVotes:

Go to topA09573 Floor&nbspVotes:

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

Go to topA09573 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9573

 IN ASSEMBLY

 January 21, 2026
 ___________

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

 AN ACT to amend the banking law, in relation to the community bank
 deposit program

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

 1 Section 1. Subdivision 2 of section 87 of the banking law, as amended
 2 by chapter 495 of the laws of 2013, is amended to read as follows:
 3 2. The maximum amount of funds which the state comptroller and the
 4 commissioner of taxation and finance may deposit under this program
 5 shall not exceed two hundred fifty million dollars each. The maximum
 6 amount of funds on deposit at a community banking institution shall not
 7 exceed [twenty] thirty million dollars.
 8 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13338-01-5

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