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Senate Bill S9278A

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-S9278 - Details

See Assembly Version of this Bill:
A10234
Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Amd §99-nn, St Fin L

2025-S9278 - 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-S9278 - Sponsor Memo

2025-S9278 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9278
 
                             I N  S E N A T E
 
                             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:

   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

2025-S9278A (ACTIVE) - Details

See Assembly Version of this Bill:
A10234
Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Amd §99-nn, St Fin L

2025-S9278A (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-S9278A (ACTIVE) - Sponsor Memo

2025-S9278A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  9278--A
 
                             I N  S E N A T E
 
                             February 24, 2026
                                ___________
 
 Introduced by Sen. FERNANDEZ -- read twice and ordered printed, and when
   printed  to  be  committed  to  the  Committee on Finance -- 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.
                                                            LBD14836-04-6

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