OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-5044
AN ACT IMPLEMENTING THE GOVERNOR'S BUDGET
RECOMMENDATIONS REGARDING THE USE OF OPIOID
LITIGATION PROCEEDS.
AMENDMENT
LCO No.: 5386
File Copy No.: 124
House Calendar No.: 132
Primary Analyst: ES 4/26/22
Contributing Analyst(s): (NF)
OFA Fiscal Note
State Impact: See Below
Municipal Impact: See Below
Explanation
The amendment strikes the language in the underlying bill and the
associated fiscal impact.
The amendment establishes the Opioid Settlement Fund, a separate
non-lapsing fund, as a mechanism for the state to receive opioid
litigation proceeds finalized after 7/1/21. Expenses made from the fund
must be used prospectively and only for specified substance use
disorder abatement purposes.
The amendment results in a cost to the Department of Mental Health
and Addiction Services (DMHAS) of at least $250,000 associated with a
Behavioral Health Program Manager and Administrative Assistant (and
related fringe benefits) required to manage the Committee. Additional
staffing and support costs may be incurred to carry out the provisions
of the amendment. Costs may be supported by the Opioid Settlement
Fund or the General Fund. 2022HB-05044-R00LCO05386-FNA.DOCX Page 2 of 2
The amendment requires the Treasurer to annually report on fund
balance, investments, and earned income for the Opioid Settlement
Fund. This is not anticipated to result in a cost, as the Treasurer has
sufficient expertise to create such reports if the monies of the fund are
invested alongside other cash balances of the state, such as the short-
term investment fund.
For context, Connecticut is part of a recently approved $26 billion
multistate opioid settlement agreement with various prescription drug
manufacturers. Of that amount, the state is expected to receive
approximately $300 million over 18 years; municipalities will receive
15%, or 45 million collectively, of the state’s allocation. As such, this is
anticipated to result in a significant revenue gain to the state and
municipalities associated with settlement revenue.
The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely
for the purposes of information, summarization and explanation and does not represent the intent of the General
Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of
informational sources, including the analyst’s professional knowledge. Whenever applicable, agency data is
consulted as part of the analysis, however final products do not necessarily reflect an assessment from any
specific department.