2021 Special Session I

Budget Amendments - HB1800 (Conference Report)

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Establishment of Opioid Abatement Fund (language only)

Item 266 #1c

Item 266 #1c

Department of Accounts


Page 292, after line 39, insert:

"E.1. There is hereby created in the state treasury a special, nonreverting fund to be known as the Opioid Abatement Fund. All funds appropriated to the Fund, all funds designated by the Attorney General under § 2.2-507.3 from settlements, judgments, verdicts, and other court orders relating to claims regarding the manufacturing, marketing, distribution, or sale of opioids, and any gifts, donations, grants, bequests, and other funds received on the Fund's behalf shall be paid into the state treasury and credited to the Fund. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund at the end of each fiscal year, including interest thereon, shall not revert to the general fund but shall remain in the Fund.

2. The provisions contained in this paragraph shall be in effect until July 1, 2021, at which time any balances remaining in this Fund shall transfer to the Opioid Abatement Fund created pursuant to House Bill 2322 and Senate Bill 1469 of the 2021 General Assembly, and subject to the provisions thereof."


(This amendment establishes the Opioid Abatement Fund, consistent with House Bill 2322/Senate Bill 1469 of the 2021 General Assembly, which shall become effective July 1, 2021. Establishment of this Fund will allow for the deposit of any opioid related litigation settlement moneys received by the Commonwealth until such time as the Fund and associated Authority established under House Bill 2322/Senate Bill 1469 are effectuated.)