Res 2023-071/authorizing the submission of four Subdivision Participation Forms to the Office of the Attorney General of the State of Texas to secure the City’s participation in settlement of additional class action

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citizens while litigation and settlement discussions proceed against numerous other defendants in the opioid industry. HOW WILL SETTLEMENT FUNDS BE ALLOCATED IN TEXAS? The Texas Term Sheet, which sets the allocation between subdivisions and the State, can be found on the Texas Attorney General's website. Any questions concerning the status or terms of the Texas Term Sheet and allocations in Texas can be directed to the Texas Attorney General's Office. You may be contacted by the Texas Attorney General's Office with additional information regarding the allocation of settlement funds in Texas. Subdivisions with representation can expect information from their attorneys. We encourage you to review all materials and to follow up with any questions.The terms of these settlements are complex, and we want to be sure you have all the information you need to make your decision. As with the other opioid settlements, the Texas Comptroller of Public Accounts and the Texas Opioid Council will disburse funds to participating political subdivisions in Texas. NEXT STEPS This settlement requires that you take affirmative steps to 'opt in'to the settlement. If you do not act, you will not receive any settlement funds. First, have your authorizing person(s) or body begin to review the materials on the website concerning the settlement agreement terms and the Texas Term Sheet. Develop a list of questions for your counsel or the Texas Attorney General's Office. Your subdivision will need to begin the process of deciding whether to participate in the proposed settlement, and subdivisions are encouraged to work through this process well before the April 18, 2023, deadline. Again,the Texas Attorney General's Office, your counsel, and other contacts within the state are available to discuss the specifics of the settlements within your state and we encourage you to discuss the terms and benefits of the settlements with them. Second, should you decide to proceed with participating, your subdivision will need to submit your signed Subdivision Participation Form to opioids@oag.texas.gov. NOTE: If your subdivision has not already done so, your subdivision will need to adopt the Texas Term Sheet and its intrastate allocation schedule. If your subdivision has previously signed on to the Distributors,J&J/Janssen, Endo, and/or Teva settlements, you will have already adopted the Texas Term Sheet.There is no need to readopt the Texas Term Sheet. If you have NOT adopted the Texas Term Sheet, please contact opioids@oag.texas.gov.