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9 <br /> NC Memorandum of Agreement <br /> • The MOA governs the allocation, use, and reporting of certain opioid settlement funds in <br /> North Carolina. <br /> • To comply with the MOA, a local government receiving opioid settlement funds must do <br /> the following: <br /> • A. Establish a fund. A local government receiving opioid settlement funds must secure them in a <br /> special revenue fund. These funds are subject to audit and cannot be commingled with other <br /> funds. <br /> • B. Authorizespending. Before spending opioid settlement funds, a local government must <br /> authorize the expenditure of such funds. This must take place through a formal budget or <br /> resolution that includes certain details including the amount, time period, and specific strategy <br /> funded. <br /> • C. Understand and follow the options. A local government must spend opioid settlement funds <br /> on opioid remediation activities authorized under Option A or Option B as detailed in the MOA. <br /> • D. Report spending and impact. A local government that receives, spends, or holds opioid <br /> settlement tunds during a tiscal year must file an annual financial report within 90 days of the end <br /> of the fiscal year. (This report is required if funds are received or held, even if they are not spent.) <br /> A local government that spends opioid settlement funds during a fiscal year must file an annual <br /> impact report within 90 days of the end of the fiscal year. <br /> • E. Hold annual meetin . The MOA requires that each county receiving opioid settlement funds <br /> ho at east one annua meeting open to the public, with all municipalities in the county invited to <br /> the meeting. The purpose of the meeting is to receive input from municipalities on proposed uses <br /> of the opioid settlement funds and to encourage collaboration between local governments. <br /> https://ncdoi.gov/wp-content/uploads/2022/03/NCACC-web-version-Final-Opioid-MOA-.pdf <br />