California Government Code

§ 12534

GOV § 12534 Effective Jul 10, 2023Div. 3 · Title 2 · Part 2 · Ch. 6 · Art. 2

Statute text

(a)The Opioid Settlements Fund is hereby created in the State Treasury.

(b)Upon order of the Director of Finance, the Controller shall transfer funds received in the Litigation Deposits Fund from the settlement of People v. McKinsey & Company, Inc. (Alameda County Superior Court, No. RG21087649, Feb. 4, 2021) to the Opioid Settlements Fund. Funds received from this settlement that are not deposited in the Litigation Deposits Fund shall be deposited into the Opioid Settlements Fund.

(c)Upon order of the Director of Finance, the Controller shall transfer funds received in the Litigation Deposits Fund allocated to the state for state opioid remediation from the 2022 opioid settlements with Johnson & Johnson, Janssen Pharmaceuticals, McKesson, Cardinal Health, AmerisourceBergen, and Mallinckrodt Pharmaceuticals to the Opioid Settlements Fund.

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Legislative history

Amended by Stats. 2023, Ch. 42, Sec. 2. (AB 118) Effective July 10, 2023.