Short title; purpose

(A) This act may be cited as the "South Carolina Opioid Recovery Act". (B) The purpose of this act is to ratify and implement the necessary terms of certain opioid-related settlements entered into by the State of South Carolina and its participating political subdivisions by: (1) creating the South Carolina Opioid Recovery Fund from which money will be distributed to help address and remediate opioid-related issues; (2) creating the South Carolina Opioid Recovery Fund Board to administer and distribute money in the South Carolina Opioid Recovery Fund; and (3) barring future claims by state and local governmental entities against certain companies which have entered into opioid-related settlements with the State of South Carolina.