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11. Disbursement of Foundation Funds by the Board <br />a. The Foundation Board shall develop and approve procedures for the <br />disbursement of Opioid Funds of the Foundation consistent with this <br />Memorandum of Understanding. <br />b. Funds for statewide programs, innovation, research, and education may also <br />be expended by the Foundation. Any statewide programs funded from the <br />Foundation Share would be only as directed by an affirmative vote of the <br />Board as set forth in paragraph D(7) above. Expenditures for these purposes <br />may also be funded by the Foundation with funds received from either the <br />State Share (as directed by the State) or from sources other than Opioid <br />Funds as provided in paragraph 14 below. <br />C. Funds approved for disbursement to the nineteen Regions shall be allocated <br />based on each Region's share of Opioid Funds ("Regional Share"). Each <br />Regional Share shall be calculated by summing the individual percentage <br />shares of the Local Governments within that Region as set forth in Exhibit <br />B. The Regional Shares for each Region are set forth in Exhibit D. <br />d. Regions may collaborate with other Regions to submit joint proposals to be <br />paid for from the Regional Shares of two or more Regions for the use of <br />those Regions. <br />e. The Foundation's procedures shall set forth the role of the Expert Panel and <br />the Board in advising, determining, and/or approving disbursements of <br />Opioid Funds for Approved Purposes by either the Board or the Regions. <br />Proposed disbursements to Regions of Regional Shares shall be reviewed <br />only to determine whether the proposed disbursement meets the criteria for <br />Approved Purposes. <br />f. Within 90 days of the first receipt of any Opioid Funds and annually <br />thereafter, the Board, assisted by its investment advisors and Expert Panel, <br />shall determine the amount and timing of Foundation funds to be distributed <br />as Regional Shares. In making this determination, the Board shall consider: <br />(a) Pending requests for Opioid Funds from Regions; (b) the total Opioid <br />Funds available; (c) the timing of anticipated receipts of future Opioid <br />Funds; (d) non-Opioid Funds received by the Foundation; and (e) <br />investment income. The Foundation may disburse its principal and interest <br />with the aim towards an efficient, expeditious abatement of the Opioid crisis <br />considering long term and short term strategies. <br />g. Votes of the Board on the disbursement and expenditure of funds shall, as <br />with all board votes, be subject to the voting procedures in Section D(7) <br />above. The proposed procedures should provide for the Board to hear <br />appeals by Local Governments from any denials of requested use of funds. <br />Page 17 <br />