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Settlement fund faces shortfall risk as administrator warns $60M allocation may be insufficient
Summary
The claims administrator and Attorney General's office told the committee that the $60 million appropriated this fiscal year is likely insufficient to cover projected awards from the settlement fund; they urged either the $75 million fiscal-year cap be fully funded or for the legislature to provide clarity.
Officials administering the statutory settlement fund that handles historic youth-development-center (YDC) claims and related matters told legislators that the $60 million currently appropriated for fiscal 2025 is likely to be insufficient to cover awards and administrative costs through June 30.
Attorney General staff and the claims administrator's general counsel reviewed projections based on recent quarterly reports and hearings scheduled through the summer. The claims administrator's office said 242 claims had been resolved and paid through the fund as of late 2024, split…
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