[Adopted 3-13-2023 by Town Meeting, effective 4-8-2023]
The Town of Ellington does hereby authorize the creation of a special fund to be known as the "Opioid Settlement Special Revenue Fund." The fund shall be used for opioid abatement purposes, including, but not limited to, expanding access to opioid use disorder prevention, intervention, treatment, and recovery options.
There shall be deposited into said fund all money received by the Town of Ellington from the National Opioid Settlement. Contributions to the fund may also be received from any others who may desire to make them.
Fund contributions may be invested, as deemed appropriate by the Ellington Finance Officer, in a) certificates of deposit with either national or state banks located in the Town or any other Connecticut town, b) cash deposits with mutual savings banks located in the Town or any other Connecticut town, or c) securities in which public funds may lawfully be invested. All income derived from such investments shall be paid into the fund and become a part thereof.
The fund shall be in the custody of the Ellington Finance Officer and shall not become a part of the Town's general fund. The fund shall not be reduced or used for purposes other than those specifically provided in § 80-40 above. Except as otherwise specifically authorized in § 80-42 above, all fund contributions shall be deposited in an account wherein the fund's income shall accumulate until such time as expenditures from the fund are authorized by the Board of Selectmen. The fund may be commingled, in the discretion of the Ellington Finance Officer, to maximize income and minimize management costs, provided that the fund shall always be accounted for as a separate fund.
A. 
The Board of Selectmen shall control the fund and shall, when it deems the situation appropriate, approve expenditures for the purposes contained in § 80-40 above.
B. 
The Board of Selectmen shall seek the advice and recommendation of the Human Services Director prior to appropriation. Expenditures from the fund shall adhere to the regular appropriation rules and procedures governing Town expenditures.
C. 
The fund may be liquidated only by a decision of the Board of Selectmen after consultation with the Ellington Finance Officer and the Town Attorney.