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Code · New York · Banking · Community Bank Deposit Program

§ 85. Community bank deposit program; purpose.

61 words·~1 min read·/ny/banking/community-bank-deposit-program/85

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

§ 85. Community bank deposit program; purpose. 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.
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