The bill establishes a new Tribal Opioid Prevention and Treatment Account within the state treasury to specifically address the opioid crisis's impact on American Indian and Alaska Native communities. Starting July 1, 2025, and continuing through June 30, 2031, the state treasurer is required to transfer funds from the opioid abatement settlement account to this new account, ensuring a minimum transfer of either $7,750,000 or 20% of the previous fiscal year's settlement receipts, whichever is greater. After June 30, 2031, the transfer will continue at 20% of the settlement receipts, with a provision that no transfer is necessary if the average revenue falls below $7,750,000 over the prior two fiscal years.

The bill also outlines the intended uses of the funds from the Tribal Opioid Prevention and Treatment Account, which include prevention and recovery services, treatment programs, peer services, awareness campaigns, and support for first responders. Additionally, it modifies the distribution of earnings from the treasury income account, ensuring that the new account receives its proportionate share of earnings without requiring an appropriation for payments to financial institutions. The act is set to take effect on July 1, 2024, with specific sections expiring on July 1, 2028, allowing for a phased implementation of the changes.

Statutes affected:
Original Bill: 43.79.483
Substitute Bill: 43.79.483
Bill as Passed Legislature: 43.79.483
Session Law: 43.79.483