New York S 9590: Allowing certain payments from the IOLA fund to be made without appropriation by law

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S09590 Summary:

BILL NOS09590 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORSEPULVEDA

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §97-v, St Fin L

&nbsp

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

Go to top S09590 Actions:

BILL NOS09590 

&nbsp

03/26/2026REFERRED TO FINANCE

Go to topS09590 Committee&nbspVotes:

Go to topS09590 Floor&nbspVotes:

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

Go to topS09590 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9590

 IN SENATE

 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:

 1 Section 1. Paragraph h of subdivision 3 of section 97-v of the state
 2 finance law, as added by chapter 659 of the laws of 1983, is amended to
 3 read as follows:
 4 h. All payments from the IOLA fund shall be made by the state comp-
 5 troller upon certification and authorization of the board of trustees of
 6 the fund. Notwithstanding the provisions of subdivision one of section
 7 four of this chapter, or any other law to the contrary, monies may be
 8 paid out of such fund in accordance with paragraphs b and c of this
 9 subdivision without an appropriation by law.
 10 § 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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