STATE OF NEW YORK ________________________________________________________________________ 7272 2023-2024 Regular Sessions IN ASSEMBLY May 16, 2023 ___________ Introduced by M. of A. ANDERSON -- read once and referred to the Commit- tee on Banks AN ACT to amend the banking law, in relation to permitting the submission of applications for banking development district desig- nations regardless of the date the applicant opened The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 2-a of section 96-d of the banking law, as 2 added by chapter 328 of the laws of 1999, is amended to read as follows: 3 2-a. Notwithstanding any other provision of law, an application may be 4 submitted by a local government in conjunction with a bank, trust compa- 5 ny or national bank which has already opened a bank branch within such 6 area[, provided such branch was opened after December thirty-first, 7 nineteen hundred ninety-six]. In considering the criteria authorized 8 pursuant to subdivision one of this section, the superintendent shall 9 also take into account the importance and benefits of preserving the 10 banking services offered by the existing branch. 11 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11296-01-3