(A) Opioid Settlement Fund-Unrestricted. There is hereby established a special nonreverting fund known as Opioid Settlement Fund-Unrestricted as Fund #2256. Contributions to the fund shall be the unrestricted portion of Opioid Settlement Funds received from the State of Indiana by the City as a participating political subdivision from a national settlement with Johnson & Johnson, AmerisourceBergen, Cardinal Health, and McKesson. Expenditures may be made from said fund by appropriation by the Common Council of Columbia City, Indiana, for any purposes approved by the Common Council. This fund shall be a perpetual fund until terminated by future ordinance, and any funds remaining at time of termination shall be returned to the General Fund of the city.
(B) Opioid Settlement Fund-Restricted. There is hereby established a special nonreverting fund known as Opioid Settlement Fund-Restricted as Fund #2257. Contributions to the fund shall be the restricted portion of Opioid Settlement Funds received from the State of Indiana by the City as a participating political subdivision from a national settlement with Johnson & Johnson, AmerisourceBergen, Cardinal Health, and McKesson. Expenditures may be made from said fund by appropriation by the Common Council of Columbia City, Indiana, for any purposes approved by the Common Council. This fund shall be a perpetual fund until terminated by future ordinance, and any funds remaining at time of termination shall be returned to the General Fund of the city.
(Ord. 2023-1, passed 1-10-2023)