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S 3962 NY

Establishes the savings bank, savings and loan association or credit union municipal deposit program

NY · session 2025-2026 · Senate · bill

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Introduced Jan 31, 2025

Latest action (Jan 7, 2026) REFERRED TO BANKS

Summary

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.

Sponsor (1)
1 coauthor / cosponsor

Action history (2)
  1. Jan 31, 2025 REFERRED TO BANKS · upper
  2. Jan 7, 2026 REFERRED TO BANKS · upper

Text versions (2)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • S3962 · HTML
  • S3962 · PDF

Full text

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