Requires quarterly reporting on the opioid settlement fund, including the names of the recipients and the amounts awarded and received.
Summary
Bill A00504 amends the mental hygiene law to mandate the submission of quarterly reports regarding the opioid settlement fund. These reports will include details such as the total funds held in the settlement fund, the amounts disbursed during the quarter, and the names and addresses of the recipients along with the amounts awarded and received. This measure aims to enhance transparency and accountability in the management of the opioid settlement funds, which are crucial for addressing the opioid crisis in New York.
Impact
The bill will impact state laws by establishing a formal reporting requirement for the opioid settlement fund, thereby ensuring that relevant stakeholders, including legislative leaders and committees, are informed about the fund's status and disbursements. This change is expected to improve oversight and facilitate better decision-making regarding the allocation of resources aimed at combating opioid addiction and its effects on communities.
Sentiment
The sentiment surrounding Bill A00504 appears to be positive, as indicated by the unanimous support in the Assembly Alcoholism and Drug Abuse Committee, where it received 14 votes in favor with no opposition. This suggests a collective recognition of the importance of transparency in the management of funds related to the opioid crisis.
Contention
There are no notable points of contention reported in the discussions or votes regarding this bill. The unanimous support indicates a consensus among committee members on the necessity of the proposed reporting requirements.
Requires the report on statewide opioid settlements include the amount of funds that have been spent and requires the public be provided information on how much funds have been spent.
Includes interest earned on the monies obtained by the state through the statewide opioid settlement agreement, in the opioid settlement fund; requires any New York subdivision that receives funds pursuant to an opioid settlement agreement to spend interest earned on such funds on approved uses.
Includes interest earned on the monies obtained by the state through the statewide opioid settlement agreement, in the opioid settlement fund; requires any New York subdivision that receives funds pursuant to an opioid settlement agreement to spend interest earned on such funds on approved uses.
Clarifies that certain provisions related to statewide opioid settlement agreements shall cover settlements and releases related to any entities involved in the prescription drug marketing, supply and payment chain that may have contributed to the opioid epidemic through illegal conduct.