Requires Manhattan district attorney to remit $40M annually from state sanctioned deferred prosecution agreement funds.

The bill amends the state finance law to require the Manhattan district attorney to remit $40 million annually from future state sanctioned deferred prosecution agreement funds. These funds must be secured by January 1 of the subsequent year. If the funds are not secured, the district attorney must transfer $40 million from existing funds. The act takes effect April 1 following its enactment and expires two years later.

Requires Manhattan district attorney to remit $40M annually from state sanctioned deferred prosecution agreement funds.

The bill amends the state finance law to require the Manhattan district attorney to remit $40 million annually from future state sanctioned deferred prosecution agreement funds. These funds must be secured by January 1 of the subsequent year. If the funds are not secured, the district attorney must transfer $40 million from existing funds. The act takes effect April 1 following its enactment and expires two years later.