N.Y. Banking Law § 85 : Banking — Community Bank Deposit Program — Community bank deposit program; purpose

Current through 2016 New York Laws, Chapters 1 to 237

In recognition of the economic benefits and stimulus which result from the placement of deposits in local banks, the community bank deposit program is hereby created to authorize and encourage the state comptroller and the commissioner of taxation and finance to deposit a portion of the funds under their control into community banking institutions.