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Oklahoma County to invest opioid and JUUL settlement funds separately; fund holds about $2.9 million
Summary
Commissioners approved a resolution to invest opioid and JUUL settlement proceeds in separate funds so interest remains in each fund; county staff reported approximately $2.9 million in the combined fund, with roughly $2.6 million attributed to opioid settlements and about $280,000 to JUUL funds.
Oklahoma County commissioners approved a resolution directing that opioid and JUUL settlement proceeds be invested in separate accounts so that interest earned remains in each respective fund.
A county staff member explained the current balance and allocation. "There's currently 2,900,000.0 in that fund. 2.6 is attributed to opioid with about 280,000 per Jewell," the staff member said. The staff member also said no funds had been spent from the settlement accounts to date.
The resolution passed by voice vote after a motion and second; commissioners recorded their approval. The item was presented as an administrative finance action to preserve fund accounting and interest for future use.
The transcript does not specify programmatic plans for spending the funds or a timeline for allocations.
