Alaska2026Passed Legislature

HB344

HB 344: Opioid Litigation Settlement Fund

Last scannedSep 12, 2026, 4:46 AM

In one sentence

This bill establishes the opioid litigation settlement fund as a separate account in the state treasury to hold money from legal settlements with drug makers.

Creates a new, separate fund called the Opioid Litigation Settlement Fund within the state treasury.
Allows the legislature to move settlement payments received from opioid manufacturers or distributors into this fund.
Permits the Department of Revenue to spend money in the fund for opioid remediation if required by legal agreements with drug makers.
Lets the Department of Revenue use funds to pay costs needed to manage the account.
States that any unused money stays in the fund and does not expire at the end of a budget year.

The Alaska Legislature, which decides how much settlement money goes into the fund.
The Department of Revenue, which manages spending from the fund for remediation and administration costs.
Manufacturers or distributors of opioids who pay settlements to the state.

The bill states that this account is not a dedicated fund.
Spending from the fund for remediation must comply with specific settlement agreements between the state and drug companies.

Plain language

Opioid litigation settlement: Money paid by drug companies to the state as part of a legal agreement regarding opioid drugs.
Remediation: Actions taken to fix problems caused by opioids, which must follow rules in settlement agreements.

Official record

Validated

OPIOID SETTLEMENT FUND An Act establishing the opioid litigation settlement fund.

Official activity