New York A 10234: Relates to interest earned on the statewide opioid settlement agreement money

Bill Text

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A10234 Summary:

BILL NOA10234A

&nbsp

SAME ASSAME AS S09278-A

&nbsp

SPONSORSteck

&nbsp

COSPNSRGriffin, Stirpe

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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 A10234 Actions:

BILL NOA10234A

&nbsp

02/12/2026referred to alcoholism and drug abuse

04/30/2026amend and recommit to alcoholism and drug abuse

04/30/2026print number 10234a

05/18/2026reported referred to ways and means

Go to topA10234 Committee&nbspVotes:

Committee:ALCOHOLISM AND DRUG ABUSE Chair:Steck 
DATE:05/18/2026AYE/NAY:13/0 Action: Favorable refer to committee Ways and Means SteckAyeBrownAye

StirpeAyeBrook-KrasnyAye

DavilaAyeGrayAye

McDonaldAyeGallahanAye

GallagherAye

ZaccaroAye

GriffinAye

ValdezAbsent

SchiavoniAye

CashmanAye

Go to topA10234 Floor&nbspVotes:

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

Go to topA10234 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10234--A

 IN ASSEMBLY

 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:

 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.
 LBD14836-05-6

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