New York A 2353: Relates to the payment of portions of certain settlement funds to the state's general debt service fund

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A02353 Summary:

BILL NOA02353 

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SAME ASNo Same As

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SPONSORRa

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COSPNSRBarclay, Tague, Morinello, Brabenec, Manktelow, Hawley, Walsh, Blumencranz

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MLTSPNSR

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Amd §72, St Fin L

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Relates to the payment of 5% of settlement funds totaling $1,000,000 or more to the principal balance of the state's general debt service fund.

Go to top A02353 Actions:

BILL NOA02353 

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01/16/2025referred to ways and means

01/07/2026referred to ways and means

Go to topA02353 Committee&nbspVotes:

Go to topA02353 Floor&nbspVotes:

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

Go to topA02353 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2353

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 16, 2025
 ___________

 Introduced by M. of A. RA, BARCLAY, TAGUE, MORINELLO, BRABENEC, MANKTE-
 LOW, HAWLEY, WALSH, BLUMENCRANZ -- read once and referred to the
 Committee on Ways and Means

 AN ACT to amend the state finance law, in relation to the payment of
 portions of certain settlement funds to the state's general debt
 service fund

 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 72 of the state finance law is
 2 amended by adding a new paragraph (c) to read as follows:
 3 (c) Five percent of any settlement money, totaling one million dollars
 4 or more, paid to the state, shall be directly applied to the debt prin-
 5 cipal in the state's general debt service fund.
 6 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05712-01-5

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