(a) There is hereby established the City of Carmel Opioid Settlement Restricted Fund (#257).
(b) The funds contained in the Opioid Settlement Restricted Fund shall be received and deposited therein from restricted settlement funds received from the 2022 Final Distributor Settlement Agreement.
(c) Monies in Fund #257 shall only be used for the opioid abatement uses set forth in the 2022 Final Distributor Settlement Agreement.
(d) Funds in the Opioid Settlement Restricted Fund shall not be transferred into the General Fund except as provided by applicable law.
(e) The Fund shall be administered by the Controller.
(Ord. D-2301-16, § 2, 7-18-16; Ord. D-2661-22, § 2, 12-19-22)