Opioid Settlements Fund.

Existing law establishes within the State Treasury the Litigation Deposits Fund (LDF) , under the control of the Department of Justice and consisting of moneys received as litigation deposits for which the state is a party to the litigation. The State of California is a party to certain opioid-related settlements, through which the state receives funds for opioid remediation. Existing law also establishes the Opioid Settlements Fund (OSF) within the State Treasury, and requires the State Department of Health Care Services to administer the fund. Existing law requires moneys in the OSF, upon appropriation by the Legislature, to be used for opioid remediation in accordance with the terms of the judgment or settlement from which the funds were received. Existing law requires the Controller, upon order of the Director of Finance, to transfer funds received in the LDF allocated to the state for opioid remediation from the 2023 opioid settlements with manufacturers Teva and Allergan, and pharmacies CVS, Walgreens, and Walmart to the OSF. The bill would instead authorize the Controller, upon order of the Director of Finance, to transfer those above-described funds to the OSF.