Title: Trust Funds/State Opioid Settlement Trust Fund/Agency for Health Care Administration

Summary: Creating the State Opioid Settlement Trust Fund within the Agency for Health Care Administration; providing the purpose of the trust fund; specifying the funding source for the trust fund; providing for the reversion of certain funds to the Department of Financial Services Opioid Settlement Clearing Trust Fund; providing for future review and termination or re-creation of the trust fund, etc.

Full Text:
An act relating to trust funds; amending s. 20.425, F.S.; creating the State Opioid Settlement Trust Fund within the Agency for Health Care Administration; providing the purpose of the trust fund; specifying the funding source for the trust fund; providing for the reversion of certain funds to the Department of Financial Services Opioid Settlement Clearing Trust Fund; providing for future review and termination or re-creation of the trust fund; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Subsection (9) is added to section 20.425, Florida Statutes, to read: 20.425 Agency for Health Care Administration; trust funds. The following trust funds shall be administered by the Agency for Health Care Administration: (9)  State Opioid Settlement Trust Fund.   (a)   The State Opioid Settlement Trust Fund is created within the Agency for Health Care Administration. The purpose of the trust fund is to abate the opioid epidemic in accordance with the settlement agreements reached by the state in opioid related litigation or bankruptcy proceedings. (b)   The Department of Financial Services shall annually transfer, by nonoperating transfer, the amount specified in the General Appropriations Act from its Opioid Settlement Clearing Trust Fund to the agency  s State Opioid Settlement Trust Fund. (c)   Notwithstanding s. 216.301 and pursuant to s. 216.351, any un encumbered balance in the trust fund at the end of any fiscal year and any encumbered balance remaining undisbursed on September of the same calendar year shall revert to the Department of Financial Services Opioid Settlement Clearing Trust Fund. (d)   In accordance with s. 19(f)(2), Art. III of the State Constitution, the State Opioid Settlement Trust Fund shall be terminated on July 1, 2027, unless terminated sooner. Before its scheduled termination, the trust fund shall be reviewed as provided in s. 215.3206(1) and (2). Section 2. This act shall take effect July 1, 2023.