Relates to the payment of portions of certain settlement funds to the state's general debt service fund

This bill requires the state to deposit 5% of any settlement fund totaling $1 million or more directly into the state's general debt service fund, reducing the principal balance of the state's debt. It applies to settlement payments received by the state, such as those from lawsuits or legal agreements. The key provision mandates this automatic transfer without requiring additional legislative action for each settlement. The bill takes effect immediately upon enactment.