A 5782

  • New York Assembly Bill
  • 2021 Regular Session
  • Introduced in Assembly
  • Assembly
  • Senate
  • Governor

Establishes the "New York public banking act"

Abstract

Establishes the "New York public banking act"; authorizes municipal and other local government to form and control public banks through the ownership of capital stock or other ownership interests, and to loan or grant public funds or lend public credit to such public banks for the public purposes of achieving cost savings, strengthening local economies, supporting community economic development, and addressing infrastructure and housing needs for localities.

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Sep 15, 2021

Assembly

ENACTING CLAUSE STRICKEN

Feb 25, 2021

Assembly

REFERRED TO BANKS

Bill Text

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