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A08290 Summary:

BILL NOA08290
 
SAME ASSAME AS S01762-A
 
SPONSORFahy
 
COSPNSRSolages, Davila, Gallagher, Perry, Rivera JD, Gonzalez-Rojas, Stern, Jean-Pierre, Mamdani, Dickens, Frontus, Reyes, Galef, Simon, Hunter, Englebright, Lunsford, Jacobson, Fall, Dinowitz, Mitaynes, Thiele, Bichotte Hermelyn, Burke, Gottfried, Hevesi, Rosenthal L, Burgos, Bronson, Aubry, Epstein, Montesano, Carroll, Rozic, Anderson, Fernandez
 
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 governments 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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