New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Chapter I. General Regulations of the Superintendent |
Part 37. Real Estate Equity Investments in Community Development Projects |
Sec. 37.2. Limitations
Latest version.
- A bank or trust company's investment in any one community development project pursuant to this Part may not exceed two percent of its capital stock, surplus and undivided profits and its aggregate investment in all such projects may not exceed ten percent of its capital stock, surplus and undivided profits.