Title
G.L. c. 44, § 53 Clause 4: Opioid Settlement Receipts
Types
Recent Legislation, Accounting Procedure
Keywords
opioid settlement agreement receipts monies special revenue fund exception general fund revenue
Statutes
44:53; 44:53(Clause 4)
Cases
Summary
On December 4, 2023, Governor Healey signed Chapter 77 of the Acts of 2023, Section 9 of which provides, in part, for an exception to the general rule that all receipts are to be recorded as general fund revenue per G.L. c. 44, § 53. Pursuant to the new Clause 4 of G.L. c. 44, § 53, the Director of Accounts has determined that cities and towns that have received or will receive funds in Fiscal Year 2024, or thereafter, pursuant to settlement agreements entered into by the Commonwealth with opioid distributors and opioid-makers for prevention, harm reduction, treatment, and recovery, may place said funds into a special revenue fund. The proceeds can then be expended, without further appropriation, at the direction of the chief executive officer only for the purpose identified in said settlement agreements. Section 197 of the Act further allows a community to consolidate all monies previously received for this purpose into the special revenue fund as described herein.
Status
In effect.
