STATE OF NEW YORK
________________________________________________________________________
9590
IN SENATE
March 26, 2026
___________
Introduced by Sen. SEPULVEDA -- 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 allowing certain
payments from the IOLA fund to be made without appropriation by law
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph h of subdivision 3 of section 97-v of the state
2 finance law, as added by chapter 659 of the laws of 1983, is amended to
3 read as follows:
4 h. All payments from the IOLA fund shall be made by the state comp-
5 troller upon certification and authorization of the board of trustees of
6 the fund. Notwithstanding the provisions of subdivision one of section
7 four of this chapter, or any other law to the contrary, monies may be
8 paid out of such fund in accordance with paragraphs b and c of this
9 subdivision without an appropriation by law.
10 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03321-03-6
