Banking Rules

Public Art - Dallas

admin — Mon, 24 Nov 2008 20:37:21 -0600

The city recognizes the importance of expanding the opportunities for its citizens to experience public art and other projects resulting from the creative expression of its visual artists in public places of the city. The city further recognizes the substantial economic benefits to be gained in the form of increased tourism through enhancement of public spaces and consequent retail activity throughout the city. A policy is established in this article to include works of art and design services of artists in certain city capital improvement projects.

Public Art - Tampa

admin — Mon, 24 Nov 2008 20:33:33 -0600

Tampa, Florida has gone beyond public spending to require that both city government and private developers of commercial properties allocate funds for art in public places. Developers must invest 1% of the project budget in art or contribute to a city art fund (maximum of $200,000 per project). The code also creates a public arts committee.

Market Share Cap - Federal Rules

admin — Mon, 24 Nov 2008 20:29:27 -0600

The 1994 interstate branching law says that no bank may control more than 30% of a state's deposits or more than 10% of the nation's deposits. (Congress did, however, allow states to raise, lower, or abolish the bank deposit cap. To date Iowa, Missouri and Nebraska, among others, have lowered the 30% cap). Banks may exceed the limit by attracting new customers, but they may not grow above the limit by acquisition.

Market Share Cap - Nebraska

admin — Mon, 24 Nov 2008 20:27:27 -0600

An interstate merger transaction shall not be permitted if, upon consummation of such transaction, the resulting bank or its bank holding company would have direct or indirect ownership or control of deposits in Nebraska in excess of 22 percent of the total deposits of all banks in Nebraska, plus the total deposits, savings accounts, passbook accounts, and share accounts in savings and loan associations and building and loan associations in Nebraska, as determined by the director on the basis of the most recent calendar-year-end reports, except as provided in subsection (4) or (5) of section 8-910.

Market Share Cap - Missouri

admin — Mon, 24 Nov 2008 20:25:00 -0600

It is unlawful for any bank holding company in Missouri to obtain control of any bank or depository financial institution if the total deposits in such bank or institution together with the total deposits in all banks and depository financial institutions in Missouri controlled by the bank holding company exceed thirteen percent of the total deposits in all depository financial institutions in the state, determined as of December thirty-first of the most recent year for which totals are available.

Market Share Cap - Iowa

admin — Mon, 24 Nov 2008 20:21:54 -0600

Iowa is the only state where the cap has actually been an issue. Norwest has held 9.9% of statewide deposits since 1992 and has demanded each year that the legislature raise it--a proposition strongly opposed by the state's banking and credit union associations.

View the Iowa market share cap statute.

Tobin Tax - United States

admin — Mon, 24 Nov 2008 20:15:41 -0600

In the U.S., a resolution supporting a Tobin tax was introduced by Congressman Peter DeFazio (D-OR) and Senator Paul Wellstone (D-MN) in April 2000. On a local level, a growing number of "Tobin towns" are passing resolutions in favor of a Tobin tax, including Arcata, California.

Tobin Tax - International Initiatives

admin — Mon, 24 Nov 2008 20:14:02 -0600

Currently underway is an international initiative calling on parliamentarians around the world to enact a Tobin Tax, and a world economists call for a Tobin tax initiated in the summer 2000.

Tobin Tax - Canadian Resolution

admin — Mon, 24 Nov 2008 20:11:41 -0600

In March of 1999, a Canadian resolution calling for a Tobin tax passed in the Canadian Parliament.

Worker Cooperative Corporations Statute - Vermont

admin — Mon, 24 Nov 2008 20:01:39 -0600

Vermont's Worker Cooperative Corporations Act. (Added 1985).

Employee Cooperative Corporations General Law - Massachusetts

admin — Mon, 24 Nov 2008 19:58:12 -0600

Any corporation organized under chapter 156D may elect to be governed as an employee cooperative under this chapter, by so stating in its articles of organization or articles of amendment filed in accordance with chapter 156B.

A corporation so electing shall be governed by all provisions of said chapter one hundred and fifty-six B other than sections seventy-eight to eighty-five, inclusive, except as otherwise provided in this chapter.

Cooperative Statutes - Maine

admin — Mon, 24 Nov 2008 19:51:35 -0600

Any 3 or more natural persons or 2 or more associations may incorporate in this State under this cooperative ownership statutes.