Texas § GV.403.507 - DEPOSIT AND ALLOCATION OF SETTLEMENT MONEY

Full text of Texas The Texas Constitution § GV.403.507 — DEPOSIT AND ALLOCATION OF SETTLEMENT MONEY, with citation guidance and answers to common questions.

§ GV.403.507. DEPOSIT AND ALLOCATION OF SETTLEMENT MONEY

DEPOSIT AND ALLOCATION OF SETTLEMENT MONEY; EFFECT OF BANKRUPTCY. (a) Money obtained under a statewide opioid settlement agreement must be deposited as provided by this section and further allocated in accordance with the settlement agreement. (b) Of money obtained under a statewide opioid settlement agreement: (1) 15 percent shall be deposited into the account; and (2) 85 percent shall be deposited into the fund. (c) For the purposes of a statewide opioid settlement agreement in relation to a bankruptcy plan for a released entity, money is distributed in accordance with the bankruptcy plan. Added by Acts 2021, 87th Leg., R.S., Ch. 781 (S.B. 1827 ), Sec. 1, eff. June 16, 2021.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § GV.403.507

What does The Texas Constitution § GV.403.507 cover?

Section GV.403.507 ("DEPOSIT AND ALLOCATION OF SETTLEMENT MONEY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § GV.403.507?

A common citation format is "The Texas Constitution § GV.403.507" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § GV.403.507 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.