2020 -- H 7582 | |
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LC004546 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2020 | |
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A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT -- DEPARTMENT OF ATTORNEY | |
GENERAL | |
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Introduced By: Representative Gregg Amore | |
Date Introduced: February 13, 2020 | |
Referred To: House Finance | |
(Attorney General) | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 42-9-19 of the General Laws in Chapter 42-9 entitled "Department |
2 | of Attorney General" is hereby amended to read as follows: |
3 | 42-9-19. Acceptance of settlements -- Attorney General settlement restricted account. |
4 | (a) The attorney general is hereby authorized and empowered to accept in the name of the |
5 | state any settlement resulting from a multi-state initiative. The attorney general is additionally |
6 | authorized and empowered to recover attorney's fees and costs that shall be considered settlement |
7 | proceeds for purposes of this chapter. |
8 | (b) The settlement proceeds shall be transferred to the general treasurer for deposit in the |
9 | general fund, unless otherwise ordered by the applicable court. The general treasurer shall transfer |
10 | ten percent (10%) thirty percent (30%) of such proceeds, up to sixty-five thousand dollars ($65,000) |
11 | in any fiscal year, to the "attorney general multi-state initiative restricted-receipt account." Any |
12 | balance in this restricted account of more than one million five hundred thousand dollars |
13 | ($1,500,000) at the end of a fiscal year shall be transferred to the general fund. The restricted- |
14 | receipt account shall be used to pay for staff, operational, and litigation costs associated with multi- |
15 | state initiatives. |
16 | (c) Expenditure of all settlement proceeds accepted by the attorney general as part of shall |
17 | be subject to the terms of the relevant master settlement agreement shall be subject and to the annual |
18 | appropriation process and approval by the general assembly. |
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1 | SECTION 2. This act shall take effect upon passage. |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT -- DEPARTMENT OF ATTORNEY | |
GENERAL | |
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1 | This act would authorize the department of attorney general to receive thirty percent (30%) |
2 | of any settlement resulting from a multi-state initiative with any balance over one million five |
3 | hundred thousand dollars ($1,500,000) at the end of a fiscal year transferred to the general fund. |
4 | This act would take effect upon passage. |
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