(a) There is hereby established a City of Carmel Opioid Settlement Unrestricted Fund (#256).
(b) The funds contained in the Opioid Settlement Unrestricted Fund shall be received and deposited therein from unrestricted settlement funds received from the 2022 Final Distributor Settlement Agreement.
(c) Monies in Fund #256 may be used for any governmental purpose, pursuant to the 2022 Final Distributor Settlement Agreement.
(d) Monies in the Opioid Settlement Unrestricted 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-2661-22, § 3, 12-19-22)