23 HB 611/AP H. B. 611 - 1 - House Bill 611 (AS PASSED HOUSE AND SENATE) By: Representative Burchett of the 176 th A BILL TO BE ENTITLED AN ACT To amend Part 1 of Article 4 of Chapter 12 of Title 45 of the Official Code of Georgia 1 Annotated, relating to management of budgetary and financial affairs, so as to provide for2 the disposition of all funds paid to the state from legal settlements; to provide for related3 matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:5 SECTION 1.6 Part 1 of Article 4 of Chapter 12 of Title 45 of the Official Code of Georgia Annotated,7 relating to management of budgetary and financial affairs, is amended by adding a new Code8 Section to read as follows:9 "45-12-76.1. 10 All funds paid to this state in accordance with legal settlements entered into by this state11 or on its behalf on or after June 1, 2023, shall be held in the state treasury until12 appropriated by the General Assembly, subject to, and in accordance with, any terms or13 conditions contained in a judgment, settlement agreement, or memorandum of14 understanding."15 23 HB 611/AP H. B. 611 - 2 - SECTION 2. 16 This Act shall become effective on June 1, 2023.17 SECTION 3.18 All laws and parts of laws in conflict with this Act are repealed.19