A 10234 New York Assembly · 2025 Regular Session

Relates to interest earned on the statewide opioid settlement agreement money

This bill clarifies that the opioid settlement fund must include interest earned on settlement money, not just the principal amount. It amends state law to explicitly state that all funds in the opioid settlement account consist of settlement payments *and* any interest accrued on those payments. The change directly affects how the state manages and tracks money from the statewide opioid settlement agreement, ensuring interest is included in the fund's total. The bill makes no new policy changes but updates the legal definition of the fund's composition.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2026

Committee Review

Floor Vote

Governor

Introduced Feb 12, 2026 Last action May 18, 2026

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What changed between versions

A10234 → A10234A · 2 edits

MINOR

This bill adds a requirement that any New York subdivision receiving opioid settlement funds must spend the interest earned on those funds on approved uses. Previously, the law did not specify how interest earned on these funds should be handled. This change ensures that interest generated by these funds is used for the same purposes as the principal funds, preventing the loss of potential revenue.

Scope change

The bill's scope was expanded to include interest earned on opioid settlement funds, which was previously not explicitly covered by the spending requirements.

REQUIREMENT

Subdivisions receiving opioid settlement funds are now required to spend interest earned on those funds for approved uses, consistent with the settlement agreement and how other opioid funds are distributed.

TECHNICAL

The bill text was updated to reflect that the committee has discharged the bill, it was amended, and it has been reprinted and recommitted to the committee.

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 18, 2026

Committee

REPORTED REFERRED TO WAYS AND MEANS

lower

Apr 30, 2026

Lower · Passed

PRINT NUMBER 10234A

lower

Apr 30, 2026

Lower · Passed

AMEND AND RECOMMIT TO ALCOHOLISM AND DRUG ABUSE

lower

Feb 12, 2026

Committee

REFERRED TO ALCOHOLISM AND DRUG ABUSE

lower

1 primary · 2 co-sponsors