Assembly Bill A199

2013-2014 Legislative Session

Relates to the procurement of banking services

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-A199 (ACTIVE) - Details

See Senate Version of this Bill:
S217
Current Committee:
Assembly Banks
Law Section:
State Finance Law
Laws Affected:
Add §163-c, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: A9175, S6348
2015-2016: A5746, S195
2017-2018: A8574, S483

2013-A199 (ACTIVE) - Summary

Relates to the procurement of banking services.

2013-A199 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   199

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  M.  of  A.  KAVANAGH,  JAFFEE,  TITONE, MILLER, SCHIMEL,
  CAMARA, WEPRIN, O'DONNELL, CRESPO, RODRIGUEZ, PRETLOW, ABINANTI, SIMA-
  NOWITZ, PERRY, ROBINSON, COLTON, ESPINAL, MOYA, COOK,  GIBSON,  HOOPER
  -- Multi-Sponsored by -- M. of A. LUPARDO -- read once and referred to
  the Committee on Banks

AN ACT to amend the state finance law, in relation to the procurement of
  banking services

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.  The state finance law is amended by adding a  new  section
163-c to read as follows:
  S  163-C.  PROCUREMENT  OF  BANKING  SERVICES.  IN  MAKING AN AWARD OF
CONTRACTS FOR BANKING SERVICES, AS PART OF THE  SCORING  OF  OFFERS,  IN
ADDITION TO CONSIDERATION OF QUALITY, COST AND EFFICIENCY, A STATE AGEN-
CY SHALL CONSIDER WHETHER THE FINANCIAL INSTITUTION HAS CHOSEN TO COMPLY
WITH  THE CAP ON THE RATE OF INTEREST AUTHORIZED IN SECTION 5-501 OF THE
GENERAL OBLIGATIONS LAW AND ESTABLISHED BY SUBDIVISION  ONE  OF  SECTION
FOURTEEN-A  OF  THE  BANKING LAW IN MAKING LOANS TO THE RESIDENTS OF THE
STATE. THE SCORING SHALL BE  ACCOMPLISHED  IN  ACCORD  WITH  REGULATIONS
ADOPTED BY THE SUPERINTENDENT OF FINANCIAL SERVICES IN CONSULTATION WITH
THE STATE COMPTROLLER.
  S 2. This act shall take effect on the one hundred twentieth day after
it shall have become a law provided, however, that effective immediately
the  addition,  amendment and/or repeal of any rule or regulation neces-
sary for the implementation of  this  act  on  its  effective  date  are
authorized  and  directed  to be made and completed by the department of
financial services on or before such effective date.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00292-01-3

              

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