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Senate Bill S9590

2025-2026 Legislative Session

Allowing certain payments from the IOLA fund to be made without appropriation by law

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Sponsored By

Current Bill Status - In Senate Committee Finance Committee

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2025-S9590 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Amd §97-v, St Fin L
Versions Introduced in 2023-2024 Legislative Session:
S9130

2025-S9590 (ACTIVE) - Summary

Allows certain payments from the New York interest on lawyer account fund to be made without appropriation by law.

2025-S9590 (ACTIVE) - Sponsor Memo

2025-S9590 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9590
 
                             I N  S E N A T E
 
                              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:

   Section  1.  Paragraph h of subdivision 3 of section 97-v of the state
 finance law, as added by chapter 659 of the laws of 1983, is amended  to
 read as follows:
   h.  All  payments  from the IOLA fund shall be made by the state comp-
 troller upon certification and authorization of the board of trustees of
 the fund. NOTWITHSTANDING THE PROVISIONS OF SUBDIVISION ONE  OF  SECTION
 FOUR  OF  THIS  CHAPTER, OR ANY OTHER LAW TO THE CONTRARY, MONIES MAY BE
 PAID OUT OF SUCH FUND IN ACCORDANCE WITH PARAGRAPHS  B  AND  C  OF  THIS
 SUBDIVISION WITHOUT AN APPROPRIATION BY LAW.
   § 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

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