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S08915 Summary:

BILL NOS08915
 
SAME ASSAME AS A09587
 
SPONSORMARTINEZ
 
COSPNSR
 
MLTSPNSR
 
Amd §§10 & 11, Gen Muni L; add §454-a, Bank L
 
Establishes the savings bank, savings and loan association or credit union municipal deposit program; defines terms; provides that a credit union accepting deposits of public money is subject to certain limitations and shall pledge assets or furnish other security satisfactory in form and amount to the depositor, for the repayment of monies held in the name of such depositor, when required to be secured by applicable law, decree, or regulation.
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