(A) Two new funds, “Opioid Settlement Restricted Fund” and “Opioid Settlement Unrestricted Fund” are hereby created as Fund No. 1237 and 1238, respectively, for the receipt and deposit of the settlement funds awarded to Howard County.
(B) The revenue for these new funds will come from opioid settlement deposits from the Auditor of the State of Indiana.
(C) The planned expenditures for these funds include awarding the following recipients with specified percentages of the funds for 2022 and 2023, as established by Resolution 2022-BCCR-23:
(1) Turning Point- Systems of Care: 63%;
(2) Howard County Drug Free: 13%;
(3) Valley of Grace: 8%;
(4) Gilead House: 8%; and
(5) Family Service Association: 8%.
(6) The distributions are subject to review and/or renewal at the end of the two- year period. Agreements will be established between Howard County and the above recipients to ensure all funding is spent in accordance with the Attorney General’s guidelines for use of opioid settlement funds.
(D) The life of the funds will be for ten years (2032) or until all funding has been disbursed, whichever is sooner.
(E) The funds balance is reverting and will need to be budgeted each year or as disbursements from the state are received.
(F) The funds cash balance should be $0.00 upon termination of the fund.
(Ord. 2022-BCCO-57, passed 12-19-22)