South Carolina Opioid Recovery Fund definition

South Carolina Opioid Recovery Fund means the account or accounts with the State Treasurer created pursuant to this chapter to receive funds obtained through settlement with or judgment against certain companies that market, promote, distribute, dispense, or supply opioids. These funds are not general fund revenue of the State and must be kept by the State Treasurer in a distinct and separate unbudgeted trust and agency fund apart from the general fund. These funds are to be administered pursuant to this chapter and expended only for the purposes provided in this chapter. For the avoidance of doubt, the Administrative Subfund, the Discretionary Subfund, and the Guaranteed Political Subdivision Subfund are part of the South Carolina Opioid Recovery Fund.
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South Carolina Opioid Recovery Fund means the account or accounts with the State Treasurer created pursuant to this chapter to receive funds obtained through settlement with or judgment against certain companies that market, promote, distribute, dispense, or supply opioids. For the avoidance of doubt, the Administrative Subfund, the Discretionary Subfund, and the Guaranteed Political Subdivision Subfund are part of the South Carolina Opioid Recovery Fund.
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South Carolina Opioid Recovery Fund means those settlement proceeds that shall be allocated and distributed by the Board pursuant to the terms of this Agreement.
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Examples of South Carolina Opioid Recovery Fund in a sentence

  • The State Treasurer may invest funds held in the South Carolina Opioid Recovery Fund for the sole benefit of that fund.

  • All funds in the South Carolina Opioid Recovery Fund must be spent on approved abatement strategies, except that up to two percent of funds deposited into the South Carolina Opioid Recovery Fund pursuant to subsection (B) may be allocated by the South Carolina Opioid Recovery Fund Board to the Administrative Subfund for the purpose of administering this chapter.

  • REVIEW OF MINUTES –• May 8, 2013 Closed Session I, II, Public Work/Business Session Meeting APPROVAL OF MEETING MINUTES – A motion by Mr. Walsh, seconded by Mrs.

  • In addition the lead field assistants were trained to write field notes which would provide information about the challenges and other important experiences they faced when undertaking the field work.

  • For purposes of this chapter: (1) ‘Administrative Subfund’ means the subaccount or subaccounts with the State Treasurer created pursuant to this chapter where certain funds in the South Carolina Opioid Recovery Fund are expended by the South Carolina Opioid Recovery Fund Board and the State Fiscal Accountability Authority to pay for costs associated with administering this chapter.

  • The South Carolina Opioid Recovery Fund Board may obtain services in accordance with the procedures, guidelines, and criteria established by the board for that purpose and are not restricted by Chapter 35, Title 11 or any successor provision.

  • The State Inspector General may investigate and address allegations of fraud, waste, abuse, mismanagement, misconduct, violations of state or federal law, and wrongdoing relating to the South Carolina Opioid Recovery Fund.

  • The South Carolina Opioid Recovery Fund Board shall prepare and publish, on or before July first of each year, an annual report of all funds spent from the South Carolina Opioid Recovery Fund.

  • All members of the South Carolina Opioid Recovery Fund Board shall be required to attend all meetings unless notice and justification for the absence is provided to the chairperson.

  • The State Auditor shall conduct an annual examination of the South Carolina Opioid Recovery Fund and provide a report of its findings to the South Carolina Opioid Recovery Fund Board and the State Fiscal Accountability Authority.

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