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S05565 Summary:
| BILL NO | S05565D |
| SAME AS | SAME AS A09665-E |
| SPONSOR | SANDERS |
| COSPNSR | BAILEY, BENJAMIN, BIAGGI, CARLUCCI, COMRIE, HOYLMAN, JACKSON, KRUEGER, MAY, MAYER, MONTGOMERY, PARKER, RAMOS, RIVERA, SALAZAR, SKOUFIS |
| MLTSPNSR | |
| Amd §2, add Art 3-C §§156 - 156-j, Bank L; amd §98, St Fin L; amd §10, Gen Muni L | |
| Relates to establishing the New York public banking act; authorizes the lending of public credit to public banks and authorizes public ownership of stock in public banks for the purpose of achieving cost savings, strengthening local economies, supporting community economic development, and addressing infrastructure and housing needs for localities. | |