New York A02353 mandates that 5% of settlement funds totaling $1,000,000 or more be applied to the state's general debt service fund.
New York A02353 amends the state finance law to require that 5% of any settlement funds totaling $1,000,000 or more be directly applied to the principal balance of the state's general debt service fund. This change takes effect immediately upon enactment.
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