Relates to factors for consideration for applications for a license to operate a bank or storage facility

This bill updates the rules for licensing banks and storage facilities in New York by requiring the Department of Health to consider five new factors during the application review process. Specifically, regulators will now evaluate an applicant's ability to maintain temperature control and alarms, establish a chain of custody for specimens, protect patient records, and ensure the competence of the company's leadership. Additionally, the law mandates that for new facilities, the department must assess whether other similar banks or storage facilities already exist in the proposed service area. The legislation also authorizes the state health commissioner to create specific regulations to enforce these new requirements.