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S09278 Summary:

BILL NOS09278
 
SAME ASSAME AS A10234
 
SPONSORFERNANDEZ
 
COSPNSR
 
MLTSPNSR
 
Amd §99-nn, St Fin L
 
Includes interest earned on the monies obtained by the state through the statewide opioid settlement agreement, in the opioid settlement fund.
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S09278 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          9278
 
                    IN SENATE
 
                                    February 24, 2026
                                       ___________
 
        Introduced by Sen. FERNANDEZ -- read twice and ordered printed, and when
          printed to be committed to the Committee on Finance
 
        AN ACT to amend the state finance law, in relation to interest earned on
          the statewide opioid settlement agreement money
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision 4 of section 99-nn of the state finance law, as
     2  amended by chapter 171 of the laws  of  2022,  is  amended  to  read  as
     3  follows:
     4    4. Notwithstanding subdivision eleven of section four of this chapter,
     5  such  fund  shall consist of money received by the state pursuant to any
     6  statewide opioid settlement agreements, including any interest earned on
     7  such money, as defined in section 25.18 of the mental hygiene  law.  All
     8  moneys shall remain in such fund unless and until directed by statute or
     9  appropriation.
    10    § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14836-01-6
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