S00217 Summary:

BILL NOS00217
 
SAME ASSAME AS A00199
 
SPONSORSQUADRON
 
COSPNSRADDABBO, AVELLA, KRUEGER, STAVISKY
 
MLTSPNSR
 
Add S163-c, St Fin L
 
Relates to the procurement of banking services.
Go to top    

S00217 Actions:

BILL NOS00217
 
01/09/2013REFERRED TO FINANCE
01/08/2014REFERRED TO FINANCE
Go to top

S00217 Floor Votes:

There are no votes for this bill in this legislative session.
Go to top

S00217 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           217
 
                               2013-2014 Regular Sessions
 
                    IN SENATE
 
                                       (Prefiled)
 
                                     January 9, 2013
                                       ___________
 
        Introduced  by Sen. SQUADRON -- read twice and ordered printed, and when
          printed to be committed to the Committee on Finance
 
        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:
 
     1    Section  1.   The state finance law is amended by adding a new section
     2  163-c to read as follows:
     3    § 163-c. Procurement of  banking  services.  In  making  an  award  of
     4  contracts  for  banking  services,  as part of the scoring of offers, in
     5  addition to consideration of quality, cost and efficiency, a state agen-
     6  cy shall consider whether the financial institution has chosen to comply
     7  with the cap on the rate of interest authorized in section 5-501 of  the
     8  general  obligations  law  and established by subdivision one of section
     9  fourteen-a of the banking law in making loans to the  residents  of  the

    10  state.  The  scoring  shall  be  accomplished in accord with regulations
    11  adopted by the superintendent of financial services in consultation with
    12  the state comptroller.
    13    § 2. This act shall take effect on the one hundred twentieth day after
    14  it shall have become a law provided, however, that effective immediately
    15  the addition, amendment and/or repeal of any rule or  regulation  neces-
    16  sary  for  the  implementation  of  this  act  on its effective date are
    17  authorized and directed to be made and completed by  the  department  of
    18  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
Go to top