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Rhode Island General Laws Title 42. State Affairs and Government § 42-9-19.1. Acceptance of settlements--Non-Multi-state initiatives--Attorney general settlement restricted account

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) There is hereby established a restricted receipt account within the department of attorney general entitled “attorney general non-multi-state initiative restricted-receipt account.” Funds consisting of attorneys' fees previously recovered pursuant to the Distributors -- Rhode Island Settlement Agreement resolving opioid-related claims against McKesson Corporation, Cardinal Health, Inc., and/or AmerisourceBergen Corporation in the case State of Rhode Island v. Purdue Pharma L.P. et al., CA No. PC-2018-4455, shall be deposited into this restricted receipt account.

(b) The following funds shall also be deposited into this restricted receipt account:

(1) All future attorneys' fees recovered from the case referenced in subsection (a) of this section; and

(2) Twenty percent (20%) of attorneys' fees recovered in other non-multi-state initiatives.

(c) This restricted receipt account shall be used to pay for staff and other operational expenses of the department.

(d) Expenditures from this restricted receipt account shall be subject to the annual appropriation process and approval by the general assembly.

(e) All settlement proceeds from non-multi-state initiatives, except those deposited in this restricted receipt account pursuant to this section, shall be deposited into the general fund.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 42. State Affairs and Government § 42-9-19.1. Acceptance of settlements--Non-Multi-state initiatives--Attorney general settlement restricted account - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-42-state-affairs-and-government/ri-gen-laws-sect-42-9-19-1/

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