Assembly BillIntroduced
A 2353: 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.
What A 2353 does, verified January 9, 2026
The proposed legislation aims to allocate a portion of settlement funds to the state's general debt service fund. The law will require that five percent of settlement money exceeding one million dollars be directly applied to the debt principal in the general debt service fund. This change will take effect immediately, and the new rule will be implemented as of the bill's enactment.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to ways and means (2026-01-07)Alert me
Quick answers about A 2353
- What is the current status of A 2353?
- As of January 9, 2026, A 2353 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to ways and means".
- Did A 2353 pass?
- Not yet. A 2353 has been introduced and has not passed either house.
- Who wrote A 2353, and where is it now?
- A 2353 was authored by Asm. Edward Ra with 8 coauthors. Its committee of record is Assembly Ways & Means.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | referred to ways and means |
| Jan. 16, 2025 | referred to ways and means |
Latest bill textIntroduced version, January 16, 2025 · 183 words
STATE OF NEW YORK ________________________________________________________________________ 2353 2025-2026 Regular Sessions IN ASSEMBLY January 16, 2025 ___________ Introduced by M. of A. RA, BARCLAY, TAGUE, MORINELLO, BRABENEC, MANKTE- LOW, HAWLEY, WALSH, BLUMENCRANZ -- read once and referred to the Committee 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: 1 Section 1. Subdivision 4 of section 72 of the state finance law is 2 amended by adding a new paragraph (c) to read as follows: 3 (c) Five percent of any settlement money, totaling one million dollars 4 or more, paid to the state, shall be directly applied to the debt prin- 5 cipal in the state's general debt service fund. 6 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05712-01-5
Text of A 2353 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions