(A) Established. There is established a special fund know as the Opioid Settlement Fund - Restricted (Fund 2257).
(B) Contributions. Contributions to the fund shall be the restricted portion of opioid settlement funds received from the State of Indiana by the town as a participating political subdivision from a national settlement with Johnson & Johnson, AmerisourceBergen, Cardinal Health and McKesson.
(C) Use of funds. Expenditures may be made from the fund by appropriation by the Town Council for any purpose approved by the Town Council from the list attached to Ordinance 12-20-2022-2 as Exhibit A.
(D) Termination. This fund shall be a perpetual fund until terminated by future ordinance, and any funds remaining at time of termination shall be returned to General Fund of the town.
(Ord. 12-20-2022-2, passed 12-20-22)