HI HB1011

Restructures the litigation deposits trust fund to deposit all proceeds from civil actions or settlements initiated or prosecuted by the attorney general, with specified exceptions for antitrust, tobacco enforcement, Medicaid investigations, tobacco settlement, and criminal forfeiture funds.

Authorizes the attorney general to retain 33% of recoveries to support the department's investigation and prosecution efforts, including attorney's fees, operating costs, litigation expenses, training, and equipment.

Allows the remaining balance after the 33% allocation to be retained by the fund for general fund actions, or remitted to non-general funds up to the amount of losses incurred, with any residual balance retained by the fund.

Changes investment earnings treatment from depositing in the general fund to crediting earnings back to the litigation deposits trust fund.

Requires any unencumbered moneys exceeding $1,000,000 remaining at the close of June 30 each year to lapse to the general fund credit, and mandates attorney general reports to the legislature on fund receipts and expenditures.