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Council hears $206M trust balance, Endo and Kroger settlements; rejects UT Memphis 10-year contract
Summary
The council received fiscal updates showing roughly $206.18M net cash available and announced Endo and Kroger settlements; members voted down a proposed 10-year UT Memphis contract and approved a one-time rollover for unspent 2024 community grant funds.
The Tennessee Opioid Abatement Council received an update on the trust fund and recent settlement receipts, approved a limited rollover policy for unspent 2024 community grant dollars, and voted down a proposed 10-year contract with UT Memphis.
Executive Director Mary Shelton said the attorney general's office reported two new settlements: Endo (payment received, approximately $8.4 million) and Kroger (an expected $30 million paid over 11 years). Staff…
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