Statutory Guidelines [Appendix A(5) Tres. Regs 1.46B and 1.46B-1 to B-5] regarding designated settlement funds and qualified settlement funds.
Mecklenburg County, located in the state of North Carolina, has designated settlement funds under Treasury Regulations 1.468 and 1.468B.1 through 1.468B.5. These regulations govern the handling and distribution of funds that have been specifically earmarked for various purposes within the county. Treasury Regulation 1.468 relates to the establishment and administration of designated settlement funds. It provides guidelines and rules for the creation and management of such funds, ensuring transparency, accountability, and proper utilization of the funds. Within Treasury Regulation 1.468, there are further provisions outlined in sections 1.468B.1 through 1.468B.5. These sections specifically address different types of designated settlement funds in Mecklenburg County, each with its own set of regulations and requirements. 1.468B.1: This section focuses on settlements related to personal injury or sickness. It lays out the conditions for establishing a designated settlement fund and provides guidelines for the allocation and distribution of funds to cover medical expenses, disabilities, and other related costs. 1.468B.2: This section pertains to environmental or pollution-related settlements. It outlines the procedures for creating a designated settlement fund to compensate affected parties, restore the environment, or support environmental conservation initiatives in Mecklenburg County. 1.468B.3: This section deals with cases involving tort liabilities, such as product liability or negligence. It provides guidelines for establishing a designated settlement fund to ensure fair compensation for victims and distribution of the funds according to the terms of the settlement. 1.468B.4: This section addresses settlements related to employee benefits, including pension funds, retirement plans, or health benefits. It outlines the regulations for establishing a designated settlement fund to safeguard employees' interests and ensure the proper administration and distribution of the allocated funds. 1.468B.5: This section applies to charitable settlements, where funds are earmarked for supporting charitable organizations or community initiatives in Mecklenburg County. It specifies the requirements for establishing a designated settlement fund for charitable purposes, including how the funds should be disbursed and used to benefit the community. Overall, Mecklenburg County's Designated Settlement Funds Treasury Regulations 1.468 and 1.468B.1 through 1.468B.5 provide a comprehensive framework for the management and utilization of various types of funds to cater to specific needs and requirements within the county. These regulations aim to ensure fairness, transparency, and effective distribution of funds to benefit the affected parties, the environment, employees, and the local community.Mecklenburg County, located in the state of North Carolina, has designated settlement funds under Treasury Regulations 1.468 and 1.468B.1 through 1.468B.5. These regulations govern the handling and distribution of funds that have been specifically earmarked for various purposes within the county. Treasury Regulation 1.468 relates to the establishment and administration of designated settlement funds. It provides guidelines and rules for the creation and management of such funds, ensuring transparency, accountability, and proper utilization of the funds. Within Treasury Regulation 1.468, there are further provisions outlined in sections 1.468B.1 through 1.468B.5. These sections specifically address different types of designated settlement funds in Mecklenburg County, each with its own set of regulations and requirements. 1.468B.1: This section focuses on settlements related to personal injury or sickness. It lays out the conditions for establishing a designated settlement fund and provides guidelines for the allocation and distribution of funds to cover medical expenses, disabilities, and other related costs. 1.468B.2: This section pertains to environmental or pollution-related settlements. It outlines the procedures for creating a designated settlement fund to compensate affected parties, restore the environment, or support environmental conservation initiatives in Mecklenburg County. 1.468B.3: This section deals with cases involving tort liabilities, such as product liability or negligence. It provides guidelines for establishing a designated settlement fund to ensure fair compensation for victims and distribution of the funds according to the terms of the settlement. 1.468B.4: This section addresses settlements related to employee benefits, including pension funds, retirement plans, or health benefits. It outlines the regulations for establishing a designated settlement fund to safeguard employees' interests and ensure the proper administration and distribution of the allocated funds. 1.468B.5: This section applies to charitable settlements, where funds are earmarked for supporting charitable organizations or community initiatives in Mecklenburg County. It specifies the requirements for establishing a designated settlement fund for charitable purposes, including how the funds should be disbursed and used to benefit the community. Overall, Mecklenburg County's Designated Settlement Funds Treasury Regulations 1.468 and 1.468B.1 through 1.468B.5 provide a comprehensive framework for the management and utilization of various types of funds to cater to specific needs and requirements within the county. These regulations aim to ensure fairness, transparency, and effective distribution of funds to benefit the affected parties, the environment, employees, and the local community.
