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IN SB0188
Bill
AI Summary
SEA 188 Summary
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Redirects distribution of securities rating settlement fund money from the consumer fees and settlements fund to the agency settlement fund, effective retroactively to July 1, 2017.
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Removes federal funds from the agency settlement fund definition and clarifies that the fund includes money recovered as court costs or litigation-related costs.
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Requires the auditor of state to transfer all money from the consumer fees and settlements fund to the agency settlement fund by March 20, 2018, and to close the consumer fees and settlements fund thereafter.
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Diverts attorney general appropriations from the consumer fees and settlements fund to the agency settlement fund for fiscal years 2017-2018 and 2018-2019.
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Requires the attorney general to report to the legislative council by July 1, 2018, regarding whether Indiana intends to pursue or join civil litigation against opioid manufacturers to recoup state costs related to the opioid crisis.
Legislative Description
Elimination of the consumer fees and settlements fund. Retroactively amends provisions concerning the transfers from the securities rating settlement fund to the consumer fees and settlements fund effective July 1, 2017, to instead make the transfers to the agency settlement fund. Requires the auditor of state to transfer money from the consumer fees and settlements fund to the agency settlement fund. Provides that the funds appropriated to the attorney general from the consumer fees and settlements fund for the state fiscal year beginning July 1, 2017, and the state fiscal year beginning July 1, 2018, shall instead be appropriated from
Last Action
Public Law 201
3/25/2018