Establishes the opioid litigation settlement fund in Alaska to manage settlement proceeds from opioid manufacturers.
The bill establishes the opioid litigation settlement fund in Alaska, a separate fund in the state treasury. The fund will manage settlement proceeds received from opioid manufacturers or distributors and income generated from the fund. The Department of Revenue is authorized to spend money from the fund for opioid remediation, in compliance with settlement agreements between the state and the manufacturers. The fund's money does not lapse, and it is not considered a dedicated fund.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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