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Assembly Bill A10234A

2025-2026 Legislative Session

Relates to interest earned on the statewide opioid settlement agreement money

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Current Bill Status - In Assembly Committee

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Bill Amendments

2025-A10234 - Details

See Senate Version of this Bill:
S9278
Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Amd §99-nn, St Fin L

2025-A10234 - Summary

Includes interest earned on the monies obtained by the state through the statewide opioid settlement agreement, in the opioid settlement fund; requires any New York subdivision that receives funds pursuant to an opioid settlement agreement to spend interest earned on such funds on approved uses.

2025-A10234 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10234
 
                           I N  A S S E M B L Y
 
                             February 12, 2026
                                ___________
 
 Introduced  by M. of A. STECK -- read once and referred to the Committee
   on Alcoholism and Drug Abuse
 
 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:

   Section 1. Subdivision 4 of section 99-nn of the state finance law, as
 amended  by  chapter  171  of  the  laws  of 2022, is amended to read as
 follows:
   4. Notwithstanding subdivision eleven of section four of this chapter,
 such fund shall consist of money received by the state pursuant  to  any
 statewide opioid settlement agreements, INCLUDING ANY INTEREST EARNED ON
 SUCH  MONEY,  as defined in section 25.18 of the mental hygiene law. All
 moneys shall remain in such fund unless and until directed by statute or
 appropriation.
   § 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

co-Sponsors

2025-A10234A (ACTIVE) - Details

See Senate Version of this Bill:
S9278
Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Amd §99-nn, St Fin L

2025-A10234A (ACTIVE) - Summary

Includes interest earned on the monies obtained by the state through the statewide opioid settlement agreement, in the opioid settlement fund; requires any New York subdivision that receives funds pursuant to an opioid settlement agreement to spend interest earned on such funds on approved uses.

2025-A10234A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                 10234--A
 
                           I N  A S S E M B L Y
 
                             February 12, 2026
                                ___________
 
 Introduced  by M. of A. STECK -- read once and referred to the Committee
   on Alcoholism and Drug Abuse -- committee  discharged,  bill  amended,
   ordered reprinted as amended and recommitted to said committee
 
 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:
 
   Section 1. Subdivision 4 of section 99-nn of the state finance law, as
 amended by chapter 171 of the laws  of  2022,  is  amended  to  read  as
 follows:
   4. Notwithstanding subdivision eleven of section four of this chapter,
 such  fund  shall consist of money received by the state pursuant to any
 statewide opioid settlement agreements, INCLUDING ANY INTEREST EARNED ON
 SUCH MONEY, as defined in section 25.18 of the mental hygiene  law.  All
 moneys shall remain in such fund unless and until directed by statute or
 appropriation.  PROVIDED  FURTHER,  THAT  ANY  NEW YORK SUBDIVISION THAT
 RECEIVES FUNDS PURSUANT TO ANY  STATEWIDE  OPIOID  SETTLEMENT  AGREEMENT
 SHALL  ENSURE  THAT  ANY  INTEREST  EARNED ON OPIOID SETTLEMENT FUNDS BE
 SPENT ON APPROVED USES, AS SUCH TERM IS DEFINED IN AND  CONSISTENT  WITH
 THE  PROVISIONS  OF  THE  RESPECTIVE OPIOID SETTLEMENT AGREEMENT AND ITS
 EXHIBITS, AND SHALL ENSURE THAT SUCH SPENDING ON APPROVED USES  IS  DONE
 IN  THE SAME MANNER AS SUCH SUBDIVISION DISTRIBUTES OTHER OPIOID SETTLE-
 MENT FUNDS THAT ARE REQUIRED TO BE SPENT FOR APPROVED USES.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14836-05-6

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