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Treasurer asks board to segregate opioid settlement dollars and reinvest interest for program use
Summary
Kalamazoo County Treasurer asked the board to formally separate opioid settlement funds from the general fund pooled investments and direct interest earned on those funds back into the opioid fund; commissioners expressed support and asked about policy options for similar future funds.
Kalamazoo County Treasurer Thomas Whitener told the Board of Commissioners on Feb. 18 that opioid settlement proceeds had been held in the county’s pooled investments and that he sought the board’s authorization to segregate those principal funds and reinvest the interest earnings back into the opioid fund so proceeds and earnings would be used to help people affected by the opioid…
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