Relates to interest earned on the statewide opioid settlement agreement money

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relates to interest earned on the statewide opioid settlement agreement money

Relates to interest earned on the statewide opioid settlement agreement money 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.

What This Bill Does

• Relates to interest earned on the statewide opioid settlement agreement money 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.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

Relates to interest earned on the statewide opioid settlement agreement money
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.

Current Bill Text

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:

     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