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Committee approves bill to let Kentucky collect opioid-settlement money after bankruptcies
Summary
The House Appropriations and Revenue Committee voted to report House Bill 537, amended by PHS 1, which adjusts how Kentucky receives opioid-settlement funds tied up by multistate bankruptcies so the state can accept and allocate those proceeds.
House Bill 537, as amended by PHS 1, was reported favorably by the House Standing Committee on Appropriations and Revenue on March 4, 2025, after committee members voted 17-0 to recommend the bill for consideration on the floor.
The measure aims to remove a legal barrier created by language in bankruptcy judgments in multistate opioid-related bankruptcies that has prevented Kentucky from receiving settlement funds under the distribution formula established by state law. "House Bill 427 set up the opioid…
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