Assembly Bill A5015

2021-2022 Legislative Session

Relates to the payment of portions of certain settlement funds to the state's general debt service fund

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

multi-Sponsors

2021-A5015 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Amd §72, St Fin L
Versions Introduced in Other Legislative Sessions:
2015-2016: A10195
2017-2018: A6030
2019-2020: A5904
2023-2024: A3270

2021-A5015 (ACTIVE) - Summary

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.

2021-A5015 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5015
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 10, 2021
                                ___________
 
 Introduced  by  M.  of  A.  RA, BARCLAY, J. M. GIGLIO, TAGUE, MORINELLO,
   BRABENEC, MANKTELOW, HAWLEY, BYRNE, WALSH, ASHBY -- Multi-Sponsored by
   -- M. of A.  M. MILLER, SALKA -- read once and referred to the Commit-
   tee 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:
 
   Section  1.  Subdivision  4  of section 72 of the state finance law is
 amended by adding a new paragraph (c) to read as follows:
   (C) FIVE PERCENT OF ANY SETTLEMENT MONEY, TOTALING ONE MILLION DOLLARS
 OR MORE, PAID TO THE STATE, SHALL BE DIRECTLY APPLIED TO THE DEBT  PRIN-
 CIPAL IN THE STATE'S GENERAL DEBT SERVICE FUND.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09220-01-1

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.