FY2022-16 Establishing An Opiod Settlement Fund1
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Introduced by: Borough Manager thru the Mayor
Drafted by: Borough Attorney
Introduced on: 04/07/2022
Public Hearing Date: 04/21/2022
Adopted on: 04/21/2022
KODIAK ISLAND BOROUGH
ORDINANCE NO. FY2022-16
AN ORDINANCE OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH ESTABLISHING
AN OPIOID SETTLEMENT FUND
WHEREAS, the Kodiak Island Borough is scheduled to receive Opioid Settlement Funds which
are generated by the settlement of class action litigation by states and municipalities against
certain opioid manufacturers and distributors, which settlement included the Kodiak Island
Borough as a settling party; and
WHEREAS, the terms of the settlement will provide payments to the Kodiak Island Borough
and other settling parties over an 18 year period; and
WHEREAS, the terms of the settlement restrict expenditures of Opioid Settlement Funds to
certain purposes set out in the settlement agreement; and
WHEREAS, the Kodiak Island Borough Assembly finds that it is more difficult to verify that
Opioid Settlement Funds are used only for permitted purposes if the Opioid Settlement Funds are
comingled with other Borough funds which are not subject to the same restrictions; and
WHEREAS, the Kodiak Island Borough Code Section 3.10.110 provides that funds as required
will be established; and
WHEREAS, the Kodiak Island Borough Assembly finds that it is in the Borough's best interests
to create a special revenue fund for Opioid Settlement Funds received by the Borough.
NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH THAT:
Section 1: This ordinance is NOT of a general and permanent nature and shall NOT become
a part of the Kodiak Island Borough Code of Ordinances.
Section 2: A Special Revenue Fund entitled "Opioid Settlement Fund" will be established by
the Kodiak Island Borough and will become a part of the Borough budget and
general ledger.
Effective Date: This ordinance takes effect upon adoption.
Kodiak Island Borough, Alaska
Ordinance No. FY2022-16
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ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS TWENTY FIRST DAY OF APRIL, 2022.
KODIAK ISLAND $O OUGH ATTEST: /
vz��j1
William Robe s, Mayor Nova M. Javier, M C, Borough Clerk
VOTES:
Ayes: Delgado, Smith, Turner, Williams, and Arndt.
Noes:
I
Kodiak Island Borough, Alaska
Ordinance No. FY2022-16
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