(1) consider and recommend ways to maintain the state charter as a
viable and attractive option, including bringing to the superintendent's
attention issues of concern to state chartered banking institutions;
(2) consider and recommend ways to encourage banking institutions to
offer a diversity of financial products and services throughout the
state;
(3) recommend to the superintendent the establishment of such laws as
may be deemed necessary, and the amendment or repeal thereof;
(4) recommend to the superintendent the promulgation of rules and
regulations not inconsistent with the law, as may be deemed necessary,
and the amendment or repeal thereof; and
(5) report within thirty days after receipt, on any proposed
regulations, amendments thereto, or repeal thereof, prior to final
action thereon by the superintendent.
The advisory board shall have no executive, administrative or
appointive powers or duties.
The superintendent shall make an annual report no later than thirty
days after the end of each year to the temporary president of the senate
and the speaker of the assembly, which shall include a summary of the
topics discussed at state charter advisory board meetings during such
year, and any legislative recommendations related to the topics raised
at such meetings or made by any member of the state charter advisory
board.
* NB Repealed October 3, 2026