Settlement-origin funding for later qualifying enforcement capacity
VW Settlement Fund — 2016 rules
The VW Settlement Fund is a segregated, purpose-limited resource governed by NAAG's 2016 rules for consumer-protection enforcement, investigation support and education. Those rules describe a $20 million settlement provision, rather than a current balance.
Grant and administration rules
The rules allow principal grants approved by two affirmative special-committee votes, with decisions final and without appeal. Written applications, bills or receipts and annual accounting provide an expenditure trail. Repayment after successful litigation is conditional on law and recovery, with education, conference and travel exceptions. A 1% administration fee is authorised at inception and annually. Conditional dissolution can move remaining funds to NAAG's General Fund; no current fee calculation, grant disbursement or dissolution transfer was established.
VW Settlement Fund — 2016 rules → NAAG member AG offices
may finance purpose-limited work with conditional repayment
2016 rules approval year; exact day and later amendments/current committee applicability unknown.
Segregated fund can support qualifying enforcement, experts and education. Litigation-success repayment is limited by law/recovery and excludes conferences, education/training and travel events; not uniformly repayable loans. Written AG/director applications, bills/receipts and June30 accounting specified.
VW fund three-AG special committee → VW Settlement Fund — 2016 rules
approves principal grants by two affirmative votes
2016 rules approval year; exact day and later amendments/current committee applicability unknown.
2016 rules permit principal grants; two affirmative votes approve, decisions final without appeal. Committee also approves investment policy. Recusal, purpose and accounting rules constrain authority; actual applications/votes/disbursements not obtained.
NAAG Executive Committee → VW Settlement Fund — 2016 rules
may dissolve upon specified purpose determination
2016 rules approval year; exact day and later amendments/current committee applicability unknown.
If special committee determines purpose no longer exists, Executive Committee may dissolve and direct remaining funds to NAAG General Fund. Conditional authority, not observed transfer; not transplanted to FSF.
VW Settlement Fund — 2016 rules → National Association of Attorneys General
authorizes inception and annual administration fee
2016 rules approval year; exact day and later amendments/current committee applicability unknown.
2016 rules authorize 1.0% of total fund value at inception and annually, covering administration/third-party costs. Rate authorization, not a calculated current fee or observed payment.
2016 rules approval year; exact day and later amendments/current committee applicability unknown.
2016 rules permit principal grants; two affirmative votes approve, decisions final without appeal. Committee also approves investment policy. Recusal, purpose and accounting rules constrain authority; actual applications/votes/disbursements not obtained.
2016 rules approval year; exact day and later amendments/current committee applicability unknown.
Segregated fund can support qualifying enforcement, experts and education. Litigation-success repayment is limited by law/recovery and excludes conferences, education/training and travel events; not uniformly repayable loans. Written AG/director applications, bills/receipts and June30 accounting specified.
2016 rules approval year; exact day and later amendments/current committee applicability unknown.
2016 rules authorize 1.0% of total fund value at inception and annually, covering administration/third-party costs. Rate authorization, not a calculated current fee or observed payment.
2016 rules approval year; exact day and later amendments/current committee applicability unknown.
If special committee determines purpose no longer exists, Executive Committee may dissolve and direct remaining funds to NAAG General Fund. Conditional authority, not observed transfer; not transplanted to FSF.