History of Actions | Background | Title |
Description: Trust fund; establish in State Treasury for payments to state resulting from tobacco litigation.
| 1 | 01/06/98 | (S) | Referred To Finance | |
| 2 | 02/03/98 | (S) | Died In Committee |
| Effective date | July 1, 1998 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
Senate Committee:
Principal Author: Kirby
Additional Author: Johnson (19th)
Title: AN ACT TO CREATE A TRUST FUND IN THE STATE TREASURY INTO WHICH ALL MONIES RECEIVED BY THE STATE ARISING OUT OF TOBACCO LITIGATION SHALL BE DEPOSITED; TO REQUIRE A TWO-THIRDS VOTE OF THE ELECTED MEMBERSHIP OF BOTH HOUSES OF THE LEGISLATURE FOR ANY APPROPRIATION OF THE PRINCIPAL OF THE TRUST FUND; TO REQUIRE THE LEGISLATIVE BUDGET OFFICE TO ANNUALLY RECOMMEND TO THE LEGISLATURE EXPENDITURES FOR THE INTEREST AND INCOME EARNED ON THE TRUST FUND; AND FOR RELATED PURPOSES.
End Of Document
1998/History/SB\SB2089.htm