Statute · New York Banking Law
N.Y. Banking Law § 85 — Community bank deposit program; purpose
N.Y. Banking Law § 85
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Banking Law § 85 — Community bank deposit program; purpose is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.