Senate Sponsors: O'MALLEY-REA-WALSH,T. House Sponsors: BUGIELSKI-WOOD-CAPPARELLI Short description: SAV BANK CONVERT FED TO STATE Synopsis of Bill as introduced: Amends the Savings Bank Act. Provides that a federally chartered savings and loan association or savings bank required by federal law convert to a national bank or a state chartered institution may become a State savings bank under an expedited process. Effective immediately. FISCAL NOTE (Dpt. Financial Institutions) SB646 would have no fiscal impact on the Department. STATE DEBT IMPACT NOTE, ENGROSSED SB646, engrossed, would not impact the level of State debt. HOUSING AFFORDABILITY NOTE SB646 would have no fiscal effect on a single-family residence. STATE MANDATES FISCAL NOTE (DCCA) SB 646 fails to create a State mandate. HOME RULE NOTE SB 646 does not preempt home rule authority. Last action on Bill: PUBLIC ACT.............................. 90-0270 Last action date: 97-07-30 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status