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Government Code §403.507
In force on Feb 29, 2024 · this text took effect Jun 16, 2021 · same as today's text
DEPOSIT AND ALLOCATION OF SETTLEMENT MONEY; EFFECT OF BANKRUPTCY
(a) Money obtained under a statewide opioid settlement agreement must be deposited as provided by this section and further allocated in accordance with the settlement agreement.
(b) Of money obtained under a statewide opioid settlement agreement:
(1) 15 percent shall be deposited into the account; and
(2) 85 percent shall be deposited into the fund.
(c) For the purposes of a statewide opioid settlement agreement in relation to a bankruptcy plan for a released entity, money is distributed in accordance with the bankruptcy plan.
History: Added by Acts 2021, 87th Leg., R.S., Ch. 781 (S.B. 1827 ), Sec. 1, eff. June 16, 2021.
Source: the Legislature's file server, seen Sep 19, 2021 to Nov 08, 2026.
Every version on file
- Effective Jun 16, 2021 · seen Sep 2021–Nov 2026
Attorney General opinions that cite it
- KP-0466 (Feb 29, 2024): Application of conflict-of-interest rules to grants awarded by the Texas Opioid Abatement Fund Council
A research copy. The official text is the Legislature's (statutes), the Secretary of State's (Texas Administrative Code) or eCFR's (federal rules). Not legal advice.