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

  • Motion: It was moved by Vice-Chairman McElynn, seconded by Council Member Cunningham, to approve a public hearing and second reading of an ordinance to accept and appropriate funds received from the South Carolina Opioid Recovery Fund ($612,733.00).Chairman Passiment opened the floor for public comment.

  • All members of the South Carolina Opioid Recovery Fund Board shall be academic, medical, licensed health, or other professionals with significant experience in opioid prevention, treatment, or intervention or who can represent the interest of the victims and families of victims of opioid overuse or misuse.

  • Funding is allocated based on proposals developed in country and submitted to the Global Fund.

  • The name of the organization shall be the South Carolina Opioid Recovery Fund Board (the “Board”).

  • The purpose of the Board is to administer, manage, and disburse the South Carolina Opioid Recovery Fund, as defined by Chapter 58 of Title 11 of the South Carolina Code of Laws (the “South Carolina Opioid Recovery Act”).

  • JUSTIFICATION OF REQUESTTo establish 2.0 Classified FTEs to replace two positions designated to provide administrative support for the South Carolina Opioid Recovery Fund Board (SCORF) ­ an independent quasi­governmental entity that is not a state agency.

  • The South Carolina Opioid Recovery Fund and the South Carolina Opioid Recovery Fund Board are described in detail in Exhibit A hereto, incorporated herein by reference.

  • The Board will also develop metrics to evaluate the success of programs funded by the South Carolina Opioid Recovery Fund, and shall publish an annual report which details the expenditures, outcomes, and performance of each funded program in relation to the performance metrics the Board has established.

  • The Board is an independent, quasi-governmental agency responsible for the statewide distribution of the South Carolina Opioid Recovery Fund.

  • The Board shall establish one or more accounts for the management of the South Carolina Opioid Recovery Fund, the Guaranteed Political Subdivision Subfund, and the Discretionary Subfund, including for administrative purposes.

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