Prohibits banks from holding for deposit state issued check

This bill prohibits banks from delaying or holding funds from state-issued checks (such as state tax refunds or government payments). It directly affects state agencies that issue checks and individuals or businesses receiving those payments. The key provision adds a new rule to banking law requiring banks to immediately deposit state check funds, rather than holding them. The law takes effect 30 days after enactment, ensuring state payments reach recipients without bank delays.