(a)  There is hereby established a restricted receipt account within the department of attorney general entitled “attorney general non-multi-state initiative restricted-receipt account.” Funds consisting of attorneys’ fees previously recovered pursuant to the Distributors — Rhode Island Settlement Agreement resolving opioid-related claims against McKesson Corporation, Cardinal Health, Inc., and/or AmerisourceBergen Corporation in the case State of Rhode Island v. Purdue Pharma L.P. et al., CA No. PC-2018-4455, shall be deposited into this restricted receipt account.

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Terms Used In Rhode Island General Laws 42-9-19.1

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.

(b)  The following funds shall also be deposited into this restricted receipt account:

(1)  All future attorneys’ fees recovered from the case referenced in subsection (a) of this section; and

(2)  Twenty percent (20%) of attorneys’ fees recovered in other non-multi-state initiatives.

(c)  This restricted receipt account shall be used to pay for staff and other operational expenses of the department.

(d)  Expenditures from this restricted receipt account shall be subject to the annual appropriation process and approval by the general assembly.

(e)  All settlement proceeds from non-multi-state initiatives, except those deposited in this restricted receipt account pursuant to this section, shall be deposited into the general fund.

History of Section.
P.L. 2023, ch. 79, art. 2, § 10, effective June 16, 2023.