00                             HOUSE BILL NO. 344                                                                          
01 "An Act establishing the opioid litigation settlement fund."                                                            
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1. AS 37.14 is amended by adding a new section to read:                                                  
04                 Article 12. Opioid Litigation Settlement Fund.                                                        
05 Sec. 37.14.900. Opioid litigation settlement fund established. (a) The opioid                                         
06 litigation settlement fund is established as a separate fund in the state treasury. The                                 
07 legislature may appropriate to the fund settlement proceeds received by the state from                                  
08       manufacturers or distributors of opioids and income from the fund.                                                
09            (b)  The Department of Revenue may spend money in the fund for opioid                                        
10       remediation in compliance with settlement agreements between the state and                                        
11       manufacturers or distributors of opioids and to pay the costs to manage the fund.                                 
12            (c)  Money in the fund does not lapse.                                                                       
13            (d)  Nothing in this section creates a dedicated fund.