Ind. Code ch. 4-12-16.2

in effect

Ind. Code § 4-12-16.2-1 "Fund"

Sec. 1. As used in this chapter, "fund" means the state opioid settlement fund established by section 2 of this chapter. As added by P.L.201-2023, SEC.70.

Ind. Code § 4-12-16.2-2 State opioid settlement fund

Sec. 2. The state opioid settlement fund is established. As added by P.L.201-2023, SEC.70.

Ind. Code § 4-12-16.2-3 Sources of money for the fund

Sec. 3. The fund consists of: (1) all funds received by the state for the benefit of the state under: (A) multi-state and Indiana specific opioid litigation settlements described in IC 4-6-15; and (B) any other form of opioid litigation agreement that: (i) is enforceable by a court; and (ii) settles litigation between the state and another party; (2) all money recovered as court costs or costs related to opioid litigation that is distributed to the fund under IC 4-6-15-4(a)(1) and IC 4-6-15-4(a)(3); and (3) interest that accrues to the fund under section 7 of this chapter. As added by P.L.201-2023, SEC.70.

Ind. Code § 4-12-16.2-4 Fund administered by the budget agency

Sec. 4. The fund shall be administered by the budget agency. As added by P.L.201-2023, SEC.70.

Ind. Code § 4-12-16.2-5 State unrestricted opioid settlement account; state abatement opioid settlement account

Sec. 5. The following accounts are established within the fund: (1) The state unrestricted opioid settlement account. The account consists of money distributed to the account under IC 4-6-15-4(a)(1) and any interest earnings that accrue to the fund under section 7 of this chapter. Expenditures from the account may be made only after appropriation of the money in the account by the general assembly. Money in the account must be used by the state for oversight and administration of programs for treatment, education, recovery, and prevention of opioid use disorder and any co-occurring substance use disorders or mental health issues. (2) The state abatement opioid settlement account. The account consists of money distributed to the account under IC 4-6-15-4(a)(3) and the balance of any opioid litigation settlements remaining prior to the passage of P.L.72-2022. Money in the account is continuously appropriated to the office of the secretary of family and social services for treatment, education, recovery, and prevention programs for opioid use disorder and any co-occurring substance use disorder or mental health issues as defined or required by the settlement documents or court order. Before the funds received under this subdivision may be distributed, the office of the secretary of family and social services shall submit a distribution plan to the budget committee for review. As added by P.L.201-2023, SEC.70.

Ind. Code § 4-12-16.2-6 Expenses paid from money in the state unrestricted opioid settlement account

Sec. 6. The expenses of administering the fund shall be paid from money in the state unrestricted opioid settlement account established by section 5(1) of this chapter. As added by P.L.201-2023, SEC.70.

Ind. Code § 4-12-16.2-7 Investment of money in the fund

Sec. 7. The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public money may be invested. Interest that accrues from the investments shall be deposited in the state unrestricted opioid settlement account established by section 5(1) of this chapter. As added by P.L.201-2023, SEC.70.

Ind. Code § 4-12-16.2-8 Money in the fund does not revert

Sec. 8. Money in the fund at the end of a state fiscal year does not revert to the state general fund. As added by P.L.201-2023, SEC.70.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/4Fetched: 10/17/2026