Resolution 2021-77 - Laserfiche WebLink

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to be held in a National Opioid Settlement Administrative Fund, Opioid Funds shall be held in a Colorado -specific QSF Account or, under the following limited circumstances, in the State's Custodial Account: 1) if at the time of a Settlement, a Colorado -specific QSF Account is not yet established, although in such case, the Opioid Funds shall be transferred to the Colorado -specific QSF Account once it is established or 2) where the Abatement Fund Council determines Opioids Funds cannot be legally held in a Colorado -specific QSF Account. Regardless of whether Opioid Funds are held in a National Administrative Fund, a Colorado - specific QSF Account, or in the State's Custodial Account, the Abatement Council shall appoint one of its members to serve as the point of contact in accordance Section (C)(4)(b)(i), below. 2. All Opioid Funds, at the time of a Settlement or at the time designated in the Settlement documents, shall be divided and distributed as follows:2 a. 10% directly to the State ("State Share") for Approved Purposes in accordance with Section (D), below; b. 20% directly to Participating Local Governments ("LG Share") for Approved Purposes in accordance with Section (E), below; C. 60% directly to Regions ("Regional Share") for Approved Purposes in accordance with Section (F), below; and d. 10% to specific abatement infrastructure projects ("Statewide Infrastructure Share") for Approved Purposes in accordance with Section (G), below. 3. Distribution of the Shares in Section B(2)(a) — (d) shall be direct, meaning that funds held in accordance with Section B(1) shall be disbursed directly to the State, Participating Local Governments, Regions, and the Statewide Infrastructure Share according to the terms of this MOU. 4. All Opioid Funds, regardless of allocation, shall be used for Approved Purposes. 5. Participating Local Governments may elect to share, pool, or collaborate with their respective allocation of the LG or Regional Shares in any manner they choose, so long as such sharing, pooling, or collaboration is used for Approved Purposes and complies with the terms of this MOU and any Settlement. C. General Abatement Fund Council A General Abatement Fund Council (the "Abatement Council"), consisting of representatives appointed by the State and Participating Local Governments, shall 2 This MOU treats multi -county health departments as county health departments for purposes of allocation and distribution of abatement proceeds and therefore multi -county health departments shall not receive any Opioid Funds directly. Third -Party Payors ("TPPs") are not Parties to this MOU.