Title
Resolution Directing the Expenditure of Opioid Settlement Funds
Body
LEGISLATIVE INTENT/PURPOSE:
WHEREAS, the City of Wilmington is a party to litigation that has resulted in national settlement agreements with companies engaged in the manufacturing, distribution, and dispensing of opioids, or who have otherwise contributed to the ongoing opioid crisis across the United States; and,
WHEREAS, the allocation, use, and reporting of funds stemming from these national settlement agreements and certain bankruptcy resolutions ("Settlement Funds") are governed by a set of agreements, including 1) the "Memorandum of Agreement Between the State of North Carolina and Local Governments on Proceeds Relating to the Settlement of Opioid Litigation" ("NCMOA"); 2) the "Supplemental Agreement for Additional Funds from Additional Settlements of Opioid Litigation" ("SAAF"); and 3) an interlocal agreement between the City and New Hanover County regarding the allocation of Settlement Funds ("ILA"); and,
WHEREAS, the City of Wilmington has received Settlement Funds pursuant to these national settlement agreements, and has deposited the Settlement Funds in a separate special revenue fund as, required by section D of the NCMOA; and,
WHEREAS, section E.6 of the NCMOA states:
"E.6. Process for drawing from special revenue funds.
a. Budget item or resolution required. Opioid Settlement Funds can be used for a purpose when the Governing Body includes in its budget or passes a separate resolution authorizing the expenditure of a stated amount of Opioid Settlement Funds for that purpose or those purposes during a specified period of time.
b. Budget item or resolution details. The budget or resolution should (i) indicate that it is an authorization for expenditure of opioid settlement funds; (ii) state the specific strategy or strategies the county or municipality intends to fund pursuant to Option A or Option B, using the item letter and/or number in Exhibit A or Exhibit B to id...
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