New York S 9278: Relates to interest earned on the statewide opioid settlement agreement money

Bill Text

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 Speaker Carl E. Heastie

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S09278 Summary:

BILL NOS09278A

&nbsp

SAME ASSAME AS A10234-A

&nbsp

SPONSORFERNANDEZ

&nbsp

COSPNSR

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MLTSPNSR

&nbsp

Amd §99-nn, St Fin L

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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.

Go to top S09278 Actions:

BILL NOS09278A

&nbsp

02/24/2026REFERRED TO FINANCE

04/30/2026AMEND AND RECOMMIT TO FINANCE

04/30/2026PRINT NUMBER 9278A

05/28/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

05/28/2026ORDERED TO THIRD READING CAL.1400

06/04/2026PASSED SENATE

06/04/2026DELIVERED TO ASSEMBLY

06/04/2026referred to ways and means

Go to topS09278 Committee&nbspVotes:

Go to topS09278 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS09278 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9278--A

 IN SENATE

 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:

 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. Provided further, that any New York subdivision that
 10 receives funds pursuant to any statewide opioid settlement agreement
 11 shall ensure that any interest earned on opioid settlement funds be
 12 spent on approved uses, as such term is defined in and consistent with
 13 the provisions of the respective opioid settlement agreement and its
 14 exhibits, and shall ensure that such spending on approved uses is done
 15 in the same manner as such subdivision distributes other opioid settle-
 16 ment funds that are required to be spent for approved uses.
 17 § 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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