Establishes the state of New York public bank to use the state's depository assets for public benefit.

The bill establishes the state of New York public bank to use the state's depository assets to generate additional benefit for the people and the economy of the state. The bank will facilitate investment in public infrastructure systems, assist students with low-cost student loans, provide access to credit for small businesses, and offer banking services to underserved communities. The bank will be governed by a commission and an advisory board, and it will adhere to ethical requirements and financial regulations. The bank will also prioritize lending in unbanked and underserved communities.

Establishes the state of New York public bank to use the state's depository assets for public benefit.

The bill establishes the state of New York public bank to use the state's depository assets to generate additional benefit for the people and the economy of the state. The bank will facilitate investment in public infrastructure systems, assist students with low-cost student loans, provide access to credit for small businesses, and offer banking services to underserved communities. The bank will be governed by a commission and an advisory board, and it will adhere to ethical requirements and financial regulations. The bank will also prioritize lending in unbanked and underserved communities.