Fund and Account Modifications

Converted the Opioid Litigation Proceeds Restricted Account into a permanent Opioid Litigation Proceeds Fund with principal invested in perpetuity for growth.

Created a new State Treasurer Investment Management Account to cover costs of managing state and local government investments.

Added requirement that opioid funds can only be spent from earnings derived from the fund's principal, not from the principal itself.

Established new reporting requirements for recipients of opioid funds including annual demographic and outcome reports.

Updated definitions to clarify what constitutes 'principal' versus earnings in the opioid litigation fund.

Added exemptions for the new Opioid Litigation Proceeds Fund from certain investment chapter requirements.

Changed the Opioid Litigation Proceeds Restricted Account into a permanent Opioid Litigation Proceeds Fund that allows investment of principal for long-term growth.

Created a new State Treasurer Investment Management Account to pay for the state treasurer's investment management costs using a portion of investment earnings.

Modified liquor control fund transfer rules to allow the department to retain up to $1 million annually for capital equipment, salary increases, performance awards, and technology enhancements.

Added new annual reporting requirements for entities receiving opioid funds, including demographic data, outcome measures, and fund usage percentages.

Established that spending from the opioid fund can only come from earnings derived from the fund's principal, not from the principal itself.

Made technical and conforming changes to code sections and formatting throughout the bill.