Relates to interest earned on the statewide opioid settlement agreement money
This bill adds interest earned on state opioid settlement funds to the designated opioid settlement fund. It amends state finance law to explicitly include both the principal settlement money and its interest in the fund, as defined under mental hygiene law. The change ensures all money from the statewide opioid settlement - including accrued interest - remains in the fund until directed by future law or budget. This is a technical clarification to the fund's composition, not a new policy.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2026
Committee Review
Jun 2026
Senate Passage
Jun 2026
Assembly Passage
Governor
Introduced Feb 24, 2026
Last action Jun 4, 2026
Maddy AI version diff · 1 comparison
What changed between versions
S9278
→
S9278A
·
2 edits
MINOR
The bill was amended to include a new provision requiring local governments that receive opioid settlement funds to spend any interest earned on those funds on approved uses, consistent with the settlement agreement. This ensures that interest income is not lost but is instead reinvested into the intended public health programs.
Scope change
The bill's scope was expanded to explicitly include interest earned on opioid settlement funds for local subdivisions, which were previously not mentioned in the act's operative text.
REQUIREMENT
Added a mandate for New York subdivisions receiving opioid settlement funds to spend any interest earned on those funds for approved uses defined in the settlement agreement.
TECHNICAL
Updated the bill header and committee assignment language to reflect that the committee has been discharged and the bill has been amended.
Floor votes · Senate Jun 4, 2026
How they voted
60–0
Passed · 3 other
Total votes 63
Jun 4, 2026
D
Democratic41
92% Yea
R
Republican22
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
8
Key actions
3
Committee
3
Amendments
2
Jun 4, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
Jun 4, 2026
Upper · Passed
PASSED SENATE
upper
May 28, 2026
Committee
COMMITTEE DISCHARGED AND COMMITTED TO RULES
upper
Apr 30, 2026
Upper · Passed
PRINT NUMBER 9278A
upper
Apr 30, 2026
Upper · Passed
AMEND AND RECOMMIT TO FINANCE
upper
Feb 24, 2026
Committee
REFERRED TO FINANCE
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
NF
Nathalia Fernández
DDemocratic
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