Includes interest earned on opioid settlement funds in the opioid settlement fund and mandates spending on approved uses.
This bill amends the state finance law to include interest earned on monies obtained by the state through the statewide opioid settlement agreement in the opioid settlement fund. It mandates that any New York subdivision receiving funds under the opioid settlement agreement must spend the interest earned on such funds on approved uses, as defined in the opioid settlement agreement. The spending must align with how the subdivision distributes other opioid settlement funds for approved uses.
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