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A05782 Summary:

BILL NOA05782
 
SAME ASSAME AS S01762-A
 
SPONSORPichardo
 
COSPNSRJackson, Fall, Mamdani, Anderson, Mitaynes, Burgos, Gallagher, Clark, Gottfried, Epstein, Barron, Steck, De La Rosa, Reyes, Bronson, Jacobson, Aubry, Rosenthal L, Jean-Pierre, Montesano, Dickens, Forrest, Simon, Gonzalez-Rojas, Lunsford, Hunter, Septimo, Burdick, Perry, Burke, Richardson, Niou, Taylor, Dinowitz, Englebright, Fernandez, Kim, Frontus, Bichotte Hermelyn, Galef, Sillitti, Davila, Thiele
 
MLTSPNSR
 
Amd §2, add Art 3-C §§156 - 156-i, Bank L; amd §98, St Fin L; amd §10, Gen Muni L
 
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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