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Senate Bill 188

Enrolled Senate Bill (S)

DIGEST

Elimination of the consumer fees and settlements fund. Retroactively amends provisions concerning the transfers from the securities rating settlement fund to the consumer fees and settlements fund effective July 1, 2017, to instead make the transfers to the agency settlement fund. Requires the auditor of state to transfer money from the consumer fees and settlements fund to the agency settlement fund. Provides that the funds appropriated to the attorney general from the consumer fees and settlements fund for the state fiscal year beginning July 1, 2017, and the state fiscal year beginning July 1, 2018, shall instead be appropriated from Elimination of the consumer fees and settlements fund. Retroactively amends provisions concerning the transfers from the securities rating settlement fund to the consumer fees and settlements fund effective July 1, 2017, to instead make the transfers to the agency settlement fund. Requires the auditor of state to transfer money from the consumer fees and settlements fund to the agency settlement fund. Provides that the funds appropriated to the attorney general from the consumer fees and settlements fund for the state fiscal year beginning July 1, 2017, and the state fiscal year beginning July 1, 2018, shall instead be appropriated from the agency settlement fund. Provides that after the transfers from the consumer fees and settlements fund to the agency settlement fund are completed the auditor of state shall close the consumer fees and settlements fund. Provides that the appropriation in current law for liability insurance premiums and expenses incurred by the attorney general for the employment of outside counsel in defending claims against the state is subject to approval by the budget director. Requires the attorney general to report to the legislative council, before July 1, 2018, on whether the attorney general intends to pursue or join in a civil action against opioid manufacturers to recoup costs to the state associated with the opioid public health crisis and epidemic. ... View more