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Committee approves bill allowing Kentucky to accept opioid settlement funds altered by bankruptcies

2531978 · March 10, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Senate Appropriations and Revenue Committee voted to give favorable expression to House Bill 537, which would permit Kentucky to accept opioid abatement settlement funds allocated differently than current statute because of corporate bankruptcies.

The Senate Appropriations and Revenue Committee on Wednesday voted to give favorable expression to House Bill 537, a measure that would allow Kentucky to accept opioid settlement funds whose distribution was altered by subsequent corporate bankruptcies.

Supporters told the committee the bill responds to unexpected changes in national bankruptcy settlements that changed the split between state and local shares established under earlier law. “Back in the 2021 session … we set up the opioid abatement commission,”…

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