NY A07581 | 2011-2012 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 10 2011 - 25% progression, died in chamber
Action: 2011-07-11 - enacting clause stricken
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on May 10 2011 - 25% progression, died in chamber
Action: 2011-07-11 - enacting clause stricken
Text: Latest bill text (Introduced) [HTML]
Summary
Authorizes the state, local governments and public authorities to arrange for redeposit of moneys through a deposit placement program through a bank or trust company that serves as custodian with respect to the moneys and arranges for the redeposit of the moneys in one or more banking institutions, the monies being secured, provided that the depository receives deposits from customers of other financial institutions that are at least equal to the amount of the moneys so invested.
Title
Authorizes the state, local governments and public authorities to arrange for redeposit of moneys through a deposit placement program through a bank or trust company that serves as custodian with respect to the moneys and arranges for the redeposit of the moneys in one or more banking institutions, the monies being secured, provided that the depository receives deposits from customers of other financial institutions that are at least equal to the amount of the moneys so invested.
Sponsors
Asm. Sam Hoyt [D] |
History
Date | Chamber | Action |
---|---|---|
2011-07-11 | Assembly | enacting clause stricken |
2011-05-10 | Assembly | referred to local governments |
Same As/Similar To
S05135 (Same As) 2012-06-12 - SUBSTITUTED BY A8971