New York Assembly Bill A07502 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 7502 2025-2026 Regular Sessions  IN ASSEMBLY March 28, 2025 ___________ Introduced by M. of A. PRETLOW -- read once and referred to the Commit- tee on Banks AN ACT to amend the banking law, in relation to the deposit of state issued checks The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The banking law is amended by adding a new section 9-e to 2 read as follows: 3 § 9-e. Deposit of state issued checks. No banking institution, as 4 defined in section nine-f of this article, shall hold for deposit the 5 funds from a check issued by the state. 6 § 2. This act shall take effect on the thirtieth day after it shall 7 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10711-01-5